Exchange Rate Determination sets revised foreign currency conversion rates for imported goods under the Customs Act notification. The Board prescribes rupee conversion rates for listed foreign currencies under section 14(3)(a)(i) of the Customs Act, 1962, superseding the prior notification; Schedule I lists rupee equivalents per one unit for major currencies and Schedule II lists the rupee equivalent for one hundred units of Japanese Yen, to be applied for valuation and customs purposes for imported goods.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination sets revised foreign currency conversion rates for imported goods under the Customs Act notification.
The Board prescribes rupee conversion rates for listed foreign currencies under section 14(3)(a)(i) of the Customs Act, 1962, superseding the prior notification; Schedule I lists rupee equivalents per one unit for major currencies and Schedule II lists the rupee equivalent for one hundred units of Japanese Yen, to be applied for valuation and customs purposes for imported goods.
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