Exchange Rate Determination sets new customs conversion rates effective early August, affecting valuation for imports and exports. The Central Board of Excise and Customs, under section 14 of the Customs Act, 1962, prescribes specific conversion rates of listed foreign currencies into Indian rupees for customs valuation of imported and exported goods effective 2nd August, 2012, as set out in Schedules I and II. The notification supersedes the prior notification except for prior acts and includes corrigenda correcting certain schedule entries.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination sets new customs conversion rates effective early August, affecting valuation for imports and exports.
The Central Board of Excise and Customs, under section 14 of the Customs Act, 1962, prescribes specific conversion rates of listed foreign currencies into Indian rupees for customs valuation of imported and exported goods effective 2nd August, 2012, as set out in Schedules I and II. The notification supersedes the prior notification except for prior acts and includes corrigenda correcting certain schedule entries.
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