Exchange rate determination for export goods sets prescribed currency conversion rates and supersedes prior notification. The Board, exercising powers under the Customs Act, fixes specified conversion rates for listed foreign currencies into Indian currency and vice versa, effective from the stated implementation date, as set out in two appended schedules replacing the earlier notification; the rates apply for purposes of valuation and other export-related conversions governed by 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 export goods sets prescribed currency conversion rates and supersedes prior notification.
The Board, exercising powers under the Customs Act, fixes specified conversion rates for listed foreign currencies into Indian currency and vice versa, effective from the stated implementation date, as set out in two appended schedules replacing the earlier notification; the rates apply for purposes of valuation and other export-related conversions governed by the cited statutory provision.
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