Exchange rate determination for customs: notified currency conversion rates apply to imported and export goods under section 14. The Central Board of Excise and Customs, invoking section 14 of the Customs Act, 1962, prescribes specific rupee conversion rates for each listed foreign currency for use in import and export goods; two schedules set separate rates for imported and export goods, with Schedule I for per-unit currencies and Schedule II for the Japanese Yen per hundred units, and the notification supersedes the prior exchange-rate notification except as to past acts.
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: notified currency conversion rates apply to imported and export goods under section 14.
The Central Board of Excise and Customs, invoking section 14 of the Customs Act, 1962, prescribes specific rupee conversion rates for each listed foreign currency for use in import and export goods; two schedules set separate rates for imported and export goods, with Schedule I for per-unit currencies and Schedule II for the Japanese Yen per hundred units, and the notification supersedes the prior exchange-rate notification except as to past acts.
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