Exchange Rate Determination for export goods under the Customs Act: prescribed currency conversion rates take effect as notified. Under section 14(3)(a)(i) of the Customs Act, the Board prescribes conversion rates for listed foreign currencies into Indian rupees (and vice versa) for export goods, effective 1st March, 2003, superseding the prior notification; Schedule I lists per unit rates for various currencies and Schedule II lists the rate per 100 units for the Japanese Yen as the conversion benchmarks for export valuation.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination for export goods under the Customs Act: prescribed currency conversion rates take effect as notified.
Under section 14(3)(a)(i) of the Customs Act, the Board prescribes conversion rates for listed foreign currencies into Indian rupees (and vice versa) for export goods, effective 1st March, 2003, superseding the prior notification; Schedule I lists per unit rates for various currencies and Schedule II lists the rate per 100 units for the Japanese Yen as the conversion benchmarks for export valuation.
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