Exchange rate determination sets distinct rupee conversion rates for imports and exports under customs valuation rules. Determination of exchange rates for conversion of specified foreign currencies into Indian rupees for customs purposes is prescribed under section 14 of the Customs Act, 1962, effective 1st October, 2009, with distinct rupee-equivalent rates listed for imports and exports in annexed schedules and a separate schedule for currencies quoted per 100 units.
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 distinct rupee conversion rates for imports and exports under customs valuation rules.
Determination of exchange rates for conversion of specified foreign currencies into Indian rupees for customs purposes is prescribed under section 14 of the Customs Act, 1962, effective 1st October, 2009, with distinct rupee-equivalent rates listed for imports and exports in annexed schedules and a separate schedule for currencies quoted per 100 units.
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