Rates of exchange prescribed for conversion between specified foreign currencies and Indian currency, governing stamp duty and customs. The Central Government prescribes rates of exchange for specified foreign currencies to be used in calculating stamp duty and for customs purposes, effective 1 July 1987, superseding the earlier notification; a Schedule lists each foreign currency with the rate equivalent to Rs.100 for conversion into Indian currency or vice versa.
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 for conversion between specified foreign currencies and Indian currency, governing stamp duty and customs.
The Central Government prescribes rates of exchange for specified foreign currencies to be used in calculating stamp duty and for customs purposes, effective 1 July 1987, superseding the earlier notification; a Schedule lists each foreign currency with the rate equivalent to Rs.100 for conversion into Indian currency or vice versa.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
