Exchange rate determination for customs sets distinct import and export conversion rates for foreign currencies under section 14. The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, 1962, prescribes, effective 1 December 2010, specific rupee conversion rates for listed foreign currencies to be applied to imported and exported goods, superseding the prior notification of 27 October 2010 except as to prior actions; Schedule I lists per-unit import and export rates for major currencies and Schedule II lists per-100-unit rates for Japanese yen.
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 for customs sets distinct import and export conversion rates for foreign currencies under section 14.
The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, 1962, prescribes, effective 1 December 2010, specific rupee conversion rates for listed foreign currencies to be applied to imported and exported goods, superseding the prior notification of 27 October 2010 except as to prior actions; Schedule I lists per-unit import and export rates for major currencies and Schedule II lists per-100-unit rates for Japanese yen.
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