Exchange rate determination sets prescribed import and export currency conversion rates for customs valuation, effective mid November. The Central Board of Excise and Customs, under the Customs Act, prescribed distinct conversion rates for specified foreign currencies for imported and export goods effective 17th November, 2012, superseding the earlier notification. Schedules specify unit rates (and a per 100 unit rate for Japanese Yen) to be used for customs valuation and related purposes, and the notification includes corrigendum adjustments to Kenya Shilling entries.
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 sets prescribed import and export currency conversion rates for customs valuation, effective mid November.
The Central Board of Excise and Customs, under the Customs Act, prescribed distinct conversion rates for specified foreign currencies for imported and export goods effective 17th November, 2012, superseding the earlier notification. Schedules specify unit rates (and a per 100 unit rate for Japanese Yen) to be used for customs valuation and related purposes, and the notification includes corrigendum adjustments to Kenya Shilling entries.
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