Exchange rate determination for export goods establishes official foreign-currency conversion rates effective from 1 July 2005. The Board, under the authority of the Customs Act, prescribes official foreign-currency to Indian-rupee conversion rates for export goods effective 1 July 2005, superseding the prior notification of 26 May 2005. Two schedules are appended: one listing unit conversion rates for major currencies and a second listing the conversion rate for a specified unit of another currency; those rates apply for the purposes of export valuation and related statutory conversion requirements.
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 export goods establishes official foreign-currency conversion rates effective from 1 July 2005.
The Board, under the authority of the Customs Act, prescribes official foreign-currency to Indian-rupee conversion rates for export goods effective 1 July 2005, superseding the prior notification of 26 May 2005. Two schedules are appended: one listing unit conversion rates for major currencies and a second listing the conversion rate for a specified unit of another currency; those rates apply for the purposes of export valuation and related statutory conversion requirements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
