Exchange rate determination for customs sets prescribed foreign currency conversion rates for valuation and compliance. Determination of prescribed foreign exchange conversion rates under section 14 of the Customs Act, 1962, by means of a Schedule listing each named foreign currency alongside the corresponding rate to be used for conversion into Indian currency and vice versa; the notification supersedes an earlier government notification and establishes the conversion basis for customs calculations and compliance.
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 for customs sets prescribed foreign currency conversion rates for valuation and compliance.
Determination of prescribed foreign exchange conversion rates under section 14 of the Customs Act, 1962, by means of a Schedule listing each named foreign currency alongside the corresponding rate to be used for conversion into Indian currency and vice versa; the notification supersedes an earlier government notification and establishes the conversion basis for customs calculations and compliance.
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