Exchange Rate Determination sets official foreign-to-rupee conversion rates for specified currencies effective from 1st February. Determination under the Customs Act prescribes official conversion rates of specified foreign currencies into Indian rupees for import valuation, superseding the earlier notification and taking effect from 1 February 2003. Schedule I sets rates per one unit for listed currencies; Schedule II sets the rate for Japanese Yen per one hundred units. The rates as listed are declared operative for customs purposes by the issuing departmental authority.
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 sets official foreign-to-rupee conversion rates for specified currencies effective from 1st February.
Determination under the Customs Act prescribes official conversion rates of specified foreign currencies into Indian rupees for import valuation, superseding the earlier notification and taking effect from 1 February 2003. Schedule I sets rates per one unit for listed currencies; Schedule II sets the rate for Japanese Yen per one hundred units. The rates as listed are declared operative for customs purposes by the issuing departmental authority.
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