Exchange rate determination for export valuation sets specified foreign currency conversion rates for calculating export transaction values. The Board, under section 14(3)(a)(i) of the Customs Act, determines specified exchange rates for conversion of listed foreign currencies into Indian rupees (and vice versa) for export valuation, effective 1st June, 2004, superseding the prior notification; Schedule I lists per unit rates for major currencies and Schedule II lists the rate for 100 Japanese Yen.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export valuation sets specified foreign currency conversion rates for calculating export transaction values.
The Board, under section 14(3)(a)(i) of the Customs Act, determines specified exchange rates for conversion of listed foreign currencies into Indian rupees (and vice versa) for export valuation, effective 1st June, 2004, superseding the prior notification; Schedule I lists per unit rates for major currencies and Schedule II lists the rate for 100 Japanese Yen.
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