Rates of exchange prescribed as binding conversion benchmarks for stamp duty and customs calculations under statutory authority. Prescribes statutory rates of exchange for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act, 1899, and for determinations under section 14 of the Customs Act, 1962. The Central Government, exercising delegated powers and superseding an earlier notification, fixes conversion rates for each listed currency as set out in the Schedule, effective from the stated operative date, making the Schedule the binding reference for stamp and customs calculations.
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.
Rates of exchange prescribed as binding conversion benchmarks for stamp duty and customs calculations under statutory authority.
Prescribes statutory rates of exchange for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act, 1899, and for determinations under section 14 of the Customs Act, 1962. The Central Government, exercising delegated powers and superseding an earlier notification, fixes conversion rates for each listed currency as set out in the Schedule, effective from the stated operative date, making the Schedule the binding reference for stamp and customs calculations.
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