Foreign exchange conversion rates for customs fixed, governing import and export valuation under the Customs Act. The Central Board of Excise and Customs determines the rate of exchange for specified foreign currencies for application to imported and exported goods under section 14 of the Customs Act, 1962, prescribing separate rates for import and export valuation and superseding the prior notification, effective from 1st October, 2011, with schedules listing the operative conversion rates.
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.
Foreign exchange conversion rates for customs fixed, governing import and export valuation under the Customs Act.
The Central Board of Excise and Customs determines the rate of exchange for specified foreign currencies for application to imported and exported goods under section 14 of the Customs Act, 1962, prescribing separate rates for import and export valuation and superseding the prior notification, effective from 1st October, 2011, with schedules listing the operative conversion rates.
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 
