Exchange Rate Determination sets conversion rates for specified foreign currencies for imported goods in the upcoming customs cycle. The Board, under section 14(3)(a)(i) of the Customs Act, 1962, prescribes specific rupee equivalents for listed foreign currencies for use in conversion of imported goods, effective 1st October 2005, superseding the prior notification; rates are set out in Schedule I (per unit) and Schedule II (per 100 units for Japanese Yen).
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination sets conversion rates for specified foreign currencies for imported goods in the upcoming customs cycle.
The Board, under section 14(3)(a)(i) of the Customs Act, 1962, prescribes specific rupee equivalents for listed foreign currencies for use in conversion of imported goods, effective 1st October 2005, superseding the prior notification; rates are set out in Schedule I (per unit) and Schedule II (per 100 units for Japanese Yen).
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