Exchange Rate Determination sets import valuation rates effective May 2003 under the Customs Act, superseding prior notification. Determination of exchange rates under the Customs Act, 1962 fixes rupee equivalents for conversion of specified foreign currencies for import valuation, effective May 2003, superseding the March 2003 notification; Schedule I lists rates per one unit of various currencies and Schedule II lists the rate per one hundred units for a specified currency.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination sets import valuation rates effective May 2003 under the Customs Act, superseding prior notification.
Determination of exchange rates under the Customs Act, 1962 fixes rupee equivalents for conversion of specified foreign currencies for import valuation, effective May 2003, superseding the March 2003 notification; Schedule I lists rates per one unit of various currencies and Schedule II lists the rate per one hundred units for a specified currency.
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