Exchange Rate Determination: new statutory conversion rates set for foreign currencies affecting import and export valuation. Determination under section 14 of the Customs Act, 1962 prescribes statutory exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, effective from 1st June, 2011, superseding the earlier notification except as to prior acts or omissions; rates are listed separately for imported goods and for export goods in the attached Schedules.
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: new statutory conversion rates set for foreign currencies affecting import and export valuation.
Determination under section 14 of the Customs Act, 1962 prescribes statutory exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, effective from 1st June, 2011, superseding the earlier notification except as to prior acts or omissions; rates are listed separately for imported goods and for export goods in the attached Schedules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
