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Exchange rate determination for export goods prescribes specified currency-to-rupee conversion rates effective from 1 November 2004. The Board, exercising powers under the Customs Act, determines that the rate of exchange for each foreign currency specified in Schedule I and Schedule II for purposes relating to export goods shall, with effect from 1 November 2004, be the rate mentioned against it in the corresponding entry of the schedules; the notification supersedes the prior notification and operationalises the prescribed currency-to-rupee conversion rates for export-related customs purposes.
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Exchange rate determination for export goods prescribes specified currency-to-rupee conversion rates effective from 1 November 2004.
The Board, exercising powers under the Customs Act, determines that the rate of exchange for each foreign currency specified in Schedule I and Schedule II for purposes relating to export goods shall, with effect from 1 November 2004, be the rate mentioned against it in the corresponding entry of the schedules; the notification supersedes the prior notification and operationalises the prescribed currency-to-rupee conversion rates for export-related customs purposes.
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