Exchange rate determination for import valuation establishes specified foreign currency conversion rates effective under Customs Act, regulating customs valuation procedures. Determination of exchange rates for import valuation under the Customs Act prescribes conversion rates for specified foreign currencies into Indian rupees effective from 1st March, 2005, superseding the earlier notification. The Board issues two schedules: Schedule I with rates per unit for listed currencies and Schedule II with the rate per one hundred units for Japanese Yen, making those rates the operative conversion basis for imported goods under the cited statutory provision.
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 for import valuation establishes specified foreign currency conversion rates effective under Customs Act, regulating customs valuation procedures.
Determination of exchange rates for import valuation under the Customs Act prescribes conversion rates for specified foreign currencies into Indian rupees effective from 1st March, 2005, superseding the earlier notification. The Board issues two schedules: Schedule I with rates per unit for listed currencies and Schedule II with the rate per one hundred units for Japanese Yen, making those rates the operative conversion basis for imported goods under the cited statutory provision.
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