Exchange rate conversion: updated rates for specified foreign currencies affecting import valuation and customs assessment. The Board, under section 14(3)(a)(i) of the Customs Act, 1962, prescribes conversion rates for specified foreign currencies into Indian rupees for import valuation, effective 1st August 2005, and supersedes the prior notification; Schedule I lists per-unit equivalents and Schedule II lists the prescribed aggregated conversion basis for the listed foreign currency.
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 conversion: updated rates for specified foreign currencies affecting import valuation and customs assessment.
The Board, under section 14(3)(a)(i) of the Customs Act, 1962, prescribes conversion rates for specified foreign currencies into Indian rupees for import valuation, effective 1st August 2005, and supersedes the prior notification; Schedule I lists per-unit equivalents and Schedule II lists the prescribed aggregated conversion basis for the listed foreign currency.
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