Exchange Rate Determination fixes conversion rates for import goods, superseding prior notification and governing customs valuation. Determination of exchange rates for import valuation under the Customs Act fixes specified conversion rates for listed foreign currencies, superseding the prior notification, and prescribes numeric equivalences in two schedules-one with per unit rates for major currencies and one with a per hundred unit rate-required to be applied when converting foreign currency into Indian rupees and vice versa for customs valuation of imported goods.
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 fixes conversion rates for import goods, superseding prior notification and governing customs valuation.
Determination of exchange rates for import valuation under the Customs Act fixes specified conversion rates for listed foreign currencies, superseding the prior notification, and prescribes numeric equivalences in two schedules-one with per unit rates for major currencies and one with a per hundred unit rate-required to be applied when converting foreign currency into Indian rupees and vice versa for customs valuation of imported goods.
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