Exchange rate determination establishes official conversion rates for listed foreign currencies for import and export transactions. The Central Board of Excise and Customs, exercising statutory authority under the Customs Act, prescribes official conversion rates of specified foreign currencies into Indian rupees effective 5th October, 2012, for customs purposes. Separate rates for imported and export goods are listed in Schedule I (per unit) and Schedule II (per 100 units for Japanese Yen). The notification supersedes an earlier exchange-rate notification and records subsequent corrections and substitutions in ancillary corrigenda.
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 establishes official conversion rates for listed foreign currencies for import and export transactions.
The Central Board of Excise and Customs, exercising statutory authority under the Customs Act, prescribes official conversion rates of specified foreign currencies into Indian rupees effective 5th October, 2012, for customs purposes. Separate rates for imported and export goods are listed in Schedule I (per unit) and Schedule II (per 100 units for Japanese Yen). The notification supersedes an earlier exchange-rate notification and records subsequent corrections and substitutions in ancillary corrigenda.
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