Exchange Rate Determination sets conversion rates for foreign currencies applicable to imports, superseding prior notification and fixing new rates. The Board determines exchange rates for import valuation under the Customs Act, fixing specified rupee conversion rates for listed foreign currencies (per unit or per hundred units as set out in two schedules) effective from 1st July 2003, and superseding the prior notification dated 27th May 2003.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination sets conversion rates for foreign currencies applicable to imports, superseding prior notification and fixing new rates.
The Board determines exchange rates for import valuation under the Customs Act, fixing specified rupee conversion rates for listed foreign currencies (per unit or per hundred units as set out in two schedules) effective from 1st July 2003, and superseding the prior notification dated 27th May 2003.
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