Exchange Rate Determination sets prescribed currency conversion rates for imported goods effective from specified date under Customs Act. The Board prescribes specific conversion rates for listed foreign currencies into Indian rupees and vice versa, effective 1 December 2005, under powers conferred by the Customs Act, superseding the prior notification; Schedule I provides per-unit rates for various currencies and Schedule II provides the rate for 100 units of Japanese Yen for use in customs valuation and related import calculations.
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 sets prescribed currency conversion rates for imported goods effective from specified date under Customs Act.
The Board prescribes specific conversion rates for listed foreign currencies into Indian rupees and vice versa, effective 1 December 2005, under powers conferred by the Customs Act, superseding the prior notification; Schedule I provides per-unit rates for various currencies and Schedule II provides the rate for 100 units of Japanese Yen for use in customs valuation and related import calculations.
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