Exchange rate determination under the Customs Act fixes specified foreign-currency-to-rupee conversion rates, superseding prior notification. Determination of conversion rates under the Customs Act prescribes, effective from the first day of October 1986, the rate of exchange for each listed foreign currency as the amount of that currency equivalent to one hundred rupees, and supersedes the earlier government notification; the schedule provides the definitive conversion figures for customs and tariff purposes.
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 under the Customs Act fixes specified foreign-currency-to-rupee conversion rates, superseding prior notification.
Determination of conversion rates under the Customs Act prescribes, effective from the first day of October 1986, the rate of exchange for each listed foreign currency as the amount of that currency equivalent to one hundred rupees, and supersedes the earlier government notification; the schedule provides the definitive conversion figures for customs and tariff purposes.
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