Exchange rate determination sets statutory conversion rates for export goods under the Customs Act effective 1 October 2004. The Board, exercising powers under section 14(3)(a)(i) of the Customs Act, 1962, fixes statutory exchange rates for specified foreign currencies for conversion into Indian rupees or vice versa, effective 1 October 2004, for purposes relating to exported goods, and supersedes the prior notification dated 26 August 2004; Schedules I and II annexed set out the currency-specific rupee equivalents.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination sets statutory conversion rates for export goods under the Customs Act effective 1 October 2004.
The Board, exercising powers under section 14(3)(a)(i) of the Customs Act, 1962, fixes statutory exchange rates for specified foreign currencies for conversion into Indian rupees or vice versa, effective 1 October 2004, for purposes relating to exported goods, and supersedes the prior notification dated 26 August 2004; Schedules I and II annexed set out the currency-specific rupee equivalents.
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