Exchange rate determination for specified foreign currencies governs conversion for import and export customs valuation and compliance. Determination of rate of exchange for conversion between specified foreign currencies and Indian rupees is prescribed for the purpose of section 14 of the Customs Act, 1962, effective 1 January 2012, superseding the prior notification, and annexing Schedule I (per unit rupee equivalents for specified currencies with separate import and export rates) and Schedule II (rupee equivalents per 100 units for Japanese yen) to govern customs conversion for imported and export goods.
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 specified foreign currencies governs conversion for import and export customs valuation and compliance.
Determination of rate of exchange for conversion between specified foreign currencies and Indian rupees is prescribed for the purpose of section 14 of the Customs Act, 1962, effective 1 January 2012, superseding the prior notification, and annexing Schedule I (per unit rupee equivalents for specified currencies with separate import and export rates) and Schedule II (rupee equivalents per 100 units for Japanese yen) to govern customs conversion for imported and export goods.
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