Exchange rate determination sets specified foreign currency conversion rates for exported goods, replacing the prior notification. The Board, under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, supersedes a prior notification and determines the rate of exchange for conversion of specified foreign currencies into Indian rupees (and vice versa) for export goods: Schedule I lists rates per one unit of each currency and Schedule II lists the rate per one hundred units for Japanese Yen, these rates being the operative conversion rates from the notified commencement date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination sets specified foreign currency conversion rates for exported goods, replacing the prior notification.
The Board, under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, supersedes a prior notification and determines the rate of exchange for conversion of specified foreign currencies into Indian rupees (and vice versa) for export goods: Schedule I lists rates per one unit of each currency and Schedule II lists the rate per one hundred units for Japanese Yen, these rates being the operative conversion rates from the notified commencement date.
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