Exchange rate determination: notified conversion rates for specified foreign currencies for import valuation, superseding prior notification. The Board, exercising powers under section 14(3)(a)(i) of the Customs Act, prescribes specific conversion rates for listed foreign currencies into Indian rupees (and vice versa) for import valuation and related customs calculations, superseding the earlier notification; rates are provided in two schedules, with major currencies quoted per unit in Schedule I and the specified currency in Schedule II quoted per one hundred units, effective from the stated commencement date.
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: notified conversion rates for specified foreign currencies for import valuation, superseding prior notification.
The Board, exercising powers under section 14(3)(a)(i) of the Customs Act, prescribes specific conversion rates for listed foreign currencies into Indian rupees (and vice versa) for import valuation and related customs calculations, superseding the earlier notification; rates are provided in two schedules, with major currencies quoted per unit in Schedule I and the specified currency in Schedule II quoted per one hundred units, effective from the stated commencement date.
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