Exchange Rate Determination fixes specified foreign currency to Indian rupee rates for customs valuation from the notified date. The Board, exercising powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, determines rates of exchange for specified foreign currencies into Indian rupees (and vice versa), effective from 1st July, 2004, and supersedes Notification No.71/2004-NT-Customs. Schedule I sets rates per one unit for major currencies and Schedule II sets the rate for Japanese Yen per one hundred units for the purposes of customs-related conversions.
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Exchange Rate Determination fixes specified foreign currency to Indian rupee rates for customs valuation from the notified date.
The Board, exercising powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, determines rates of exchange for specified foreign currencies into Indian rupees (and vice versa), effective from 1st July, 2004, and supersedes Notification No.71/2004-NT-Customs. Schedule I sets rates per one unit for major currencies and Schedule II sets the rate for Japanese Yen per one hundred units for the purposes of customs-related conversions.
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