Exchange rate determination sets official currency conversion rates for customs valuation, effective from specified date for trade. The Board determines under section 14(3)(a)(i) of the Customs Act that the exchange rate for each foreign currency listed in the appended Schedules shall be the rate shown opposite it for conversion into Indian currency or vice versa, superseding the prior notification and fixing rates effective from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination sets official currency conversion rates for customs valuation, effective from specified date for trade.
The Board determines under section 14(3)(a)(i) of the Customs Act that the exchange rate for each foreign currency listed in the appended Schedules shall be the rate shown opposite it for conversion into Indian currency or vice versa, superseding the prior notification and fixing rates effective from the stated commencement date.
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