Exchange rate determination sets converted foreign currency rates for imported goods effective from the notified effective date. The Board, under the Customs Act, determines conversion rates for specified foreign currencies into Indian rupees and vice versa, effective from 1 March 2006, superseding the earlier notification; two schedules set the operative rates - Schedule I for rates per one unit and Schedule II for the rate per one hundred units - to be used for customs valuation and related import procedures.
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 converted foreign currency rates for imported goods effective from the notified effective date.
The Board, under the Customs Act, determines conversion rates for specified foreign currencies into Indian rupees and vice versa, effective from 1 March 2006, superseding the earlier notification; two schedules set the operative rates - Schedule I for rates per one unit and Schedule II for the rate per one hundred units - to be used for customs valuation and related import procedures.
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