Exchange rate determination for customs valuation sets distinct import and export currency rates effective from the notified date. The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, 1962, supersedes the prior notification and prescribes rupee equivalents for specified foreign currencies for customs valuation. Distinct import and export rates are listed in Schedule I (per unit) and Schedule II (per 100 units for yen), and these rates apply from the stated effective date for purposes of imported and export goods under the Act.
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 valuation sets distinct import and export currency rates effective from the notified date.
The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, 1962, supersedes the prior notification and prescribes rupee equivalents for specified foreign currencies for customs valuation. Distinct import and export rates are listed in Schedule I (per unit) and Schedule II (per 100 units for yen), and these rates apply from the stated effective date for purposes of imported and export goods under the Act.
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