Exchange rate conversion for exported goods prescribes specified foreign currency-to-rupee rates and supersedes prior notification with legal effect. The Board, under section 14(3)(a)(i) of the Customs Act, prescribes conversion rates for specified foreign currencies into Indian rupees for the purposes of export goods, superseding the prior notification. The notification contains Schedule I, listing the rupee equivalent of one unit of several foreign currencies, and Schedule II, listing the rupee equivalent of one hundred units of the Japanese Yen, and states that those rates shall have legal effect from the notification's effective 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 conversion for exported goods prescribes specified foreign currency-to-rupee rates and supersedes prior notification with legal effect.
The Board, under section 14(3)(a)(i) of the Customs Act, prescribes conversion rates for specified foreign currencies into Indian rupees for the purposes of export goods, superseding the prior notification. The notification contains Schedule I, listing the rupee equivalent of one unit of several foreign currencies, and Schedule II, listing the rupee equivalent of one hundred units of the Japanese Yen, and states that those rates shall have legal effect from the notification's effective date.
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