Exchange rate determination: prescribed currency conversion rates for stamp duty and customs valuation, effective under statutory authority. Prescribes conversion rates for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act and for the purposes of section 14 of the Customs Act; the Central Government determines the rate of exchange for each listed foreign currency as the amount equivalent to Rs.100 set out in the Schedule, effective from the first day of January, 1988, and superseding the earlier notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: prescribed currency conversion rates for stamp duty and customs valuation, effective under statutory authority.
Prescribes conversion rates for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act and for the purposes of section 14 of the Customs Act; the Central Government determines the rate of exchange for each listed foreign currency as the amount equivalent to Rs.100 set out in the Schedule, effective from the first day of January, 1988, and superseding the earlier notification.
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