Exchange rate determination for customs: specified currency conversion rates govern valuation of imported goods from September. The Board, under the Customs Act, determines and fixes specific foreign-currency-to-Indian-rupee conversion rates for imported goods, superseding the prior notification; these operative rates, set out in Schedule I (per-unit rates) and Schedule II (per 100 units for Japanese Yen), apply for customs valuation with effect from 1st September, 2003.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for customs: specified currency conversion rates govern valuation of imported goods from September.
The Board, under the Customs Act, determines and fixes specific foreign-currency-to-Indian-rupee conversion rates for imported goods, superseding the prior notification; these operative rates, set out in Schedule I (per-unit rates) and Schedule II (per 100 units for Japanese Yen), apply for customs valuation with effect from 1st September, 2003.
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