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Exchange rate determination sets conversion rates for imported goods under the Customs Act, superseding prior notification. The Board, under section 14(3)(a)(i) of the Customs Act, 1962, determines official rates of exchange for conversion between specified foreign currencies and Indian rupees for imported goods, superseding the earlier notification; two schedules list the foreign currencies and the rupee equivalents per unit to be applied for customs valuation and related conversion purposes.
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Exchange rate determination sets conversion rates for imported goods under the Customs Act, superseding prior notification.
The Board, under section 14(3)(a)(i) of the Customs Act, 1962, determines official rates of exchange for conversion between specified foreign currencies and Indian rupees for imported goods, superseding the earlier notification; two schedules list the foreign currencies and the rupee equivalents per unit to be applied for customs valuation and related conversion purposes.
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