Exchange rate determination fixed for import valuation under Customs Act, specifying currency conversion rates effective October. The Board, under the Customs Act, 1962, prescribes that effective 1st October 2006 the rate of exchange for each foreign currency listed in the appended schedules shall be the rate shown opposite that currency; Schedule I lists rates per one unit for major currencies and Schedule II lists the rate per one hundred units for Japanese Yen, superseding the earlier notification.
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 fixed for import valuation under Customs Act, specifying currency conversion rates effective October.
The Board, under the Customs Act, 1962, prescribes that effective 1st October 2006 the rate of exchange for each foreign currency listed in the appended schedules shall be the rate shown opposite that currency; Schedule I lists rates per one unit for major currencies and Schedule II lists the rate per one hundred units for Japanese Yen, superseding the earlier notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
