Exchange rate determination under Customs Act sets new import and export currency conversion rates for notified currencies. Determination of rate of exchange for specified foreign currencies under section 14 of the Customs Act, superseding the earlier notification and fixing conversion rates effective 1st May, 2012. Schedule I sets per-unit rupee equivalents for listed currencies with separate rates for imported and export goods; Schedule II sets the rupee equivalent for one hundred units of Japanese Yen, likewise for import and export. The notification records later substitutions affecting certain currency entries and preserves prior actions taken under the superseded instrument.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination under Customs Act sets new import and export currency conversion rates for notified currencies.
Determination of rate of exchange for specified foreign currencies under section 14 of the Customs Act, superseding the earlier notification and fixing conversion rates effective 1st May, 2012. Schedule I sets per-unit rupee equivalents for listed currencies with separate rates for imported and export goods; Schedule II sets the rupee equivalent for one hundred units of Japanese Yen, likewise for import and export. The notification records later substitutions affecting certain currency entries and preserves prior actions taken under the superseded instrument.
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