Exchange rate determination sets official conversion rates for foreign currencies for export goods effective from July. The Board prescribes specified rates of exchange for listed foreign currencies to be used for conversion to and from Indian rupees for export goods, effective 1st July, 2003, superseding the prior notification and issued under the statutory powers of the Customs Act, 1962; Schedule I sets unit-equivalent rupee rates for major currencies, while Schedule II sets the rupee equivalent for the Japanese Yen.
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 sets official conversion rates for foreign currencies for export goods effective from July.
The Board prescribes specified rates of exchange for listed foreign currencies to be used for conversion to and from Indian rupees for export goods, effective 1st July, 2003, superseding the prior notification and issued under the statutory powers of the Customs Act, 1962; Schedule I sets unit-equivalent rupee rates for major currencies, while Schedule II sets the rupee equivalent for the Japanese Yen.
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