Exchange Rate Determination sets specified foreign currency conversion rates for export valuation under the Customs Act notification. The Board issues a notification prescribing exchange rates to be used for conversion between specified foreign currencies and Indian rupees for export valuation, superseding a prior notification and fixing operative rates as listed in Schedule I and Schedule II for application in export-related customs purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination sets specified foreign currency conversion rates for export valuation under the Customs Act notification.
The Board issues a notification prescribing exchange rates to be used for conversion between specified foreign currencies and Indian rupees for export valuation, superseding a prior notification and fixing operative rates as listed in Schedule I and Schedule II for application in export-related customs purposes.
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