Exchange rate determination for specified foreign currencies governs conversion into Indian rupees for import and export goods. Central Board of Excise and Customs, under section 14 of the Customs Act, 1962, prescribes rates of exchange for conversion between specified foreign currencies and Indian rupees for imported and export goods, superseding the earlier notification except for actions already taken. Two schedules are published: Schedule I lists per unit rupee equivalents for major currencies with separate import and export rates, and Schedule II lists the rupee equivalent for one hundred units of Japanese Yen with distinct 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.
Exchange rate determination for specified foreign currencies governs conversion into Indian rupees for import and export goods.
Central Board of Excise and Customs, under section 14 of the Customs Act, 1962, prescribes rates of exchange for conversion between specified foreign currencies and Indian rupees for imported and export goods, superseding the earlier notification except for actions already taken. Two schedules are published: Schedule I lists per unit rupee equivalents for major currencies with separate import and export rates, and Schedule II lists the rupee equivalent for one hundred units of Japanese Yen with distinct rates.
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