Exchange rate determination for export goods fixes currency conversion rates for customs valuation and export clearance. The Board, under section 14(3)(a)(i) of the Customs Act, 1962, supersedes the prior notification and prescribes, effective 1st December, 2003, the rates of exchange for specified foreign currencies for export goods; rates are detailed in two schedules distinguishing unit rates and rates per one hundred units for use in export-related customs valuation and clearance.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods fixes currency conversion rates for customs valuation and export clearance.
The Board, under section 14(3)(a)(i) of the Customs Act, 1962, supersedes the prior notification and prescribes, effective 1st December, 2003, the rates of exchange for specified foreign currencies for export goods; rates are detailed in two schedules distinguishing unit rates and rates per one hundred units for use in export-related customs valuation and clearance.
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