Exchange Rate Determination establishes official conversion rates for import and export goods, specifying differing import/export rates and superseding prior notification. The Central Board of Excise and Customs, exercising authority under the Customs Act, prescribes official exchange rates for conversion between specified foreign currencies and Indian rupees for customs purposes, superseding the earlier notification and specifying separate rates for imported goods and export goods in two schedules; customs conversions must use the rate corresponding to the currency and the appropriate import or export column in the applicable schedule.
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 establishes official conversion rates for import and export goods, specifying differing import/export rates and superseding prior notification.
The Central Board of Excise and Customs, exercising authority under the Customs Act, prescribes official exchange rates for conversion between specified foreign currencies and Indian rupees for customs purposes, superseding the earlier notification and specifying separate rates for imported goods and export goods in two schedules; customs conversions must use the rate corresponding to the currency and the appropriate import or export column in the applicable schedule.
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