Exchange rate determination for stamp duty and customs prescribes specific conversion rates governing valuation and assessment. Prescribes fixed conversion rates for specified foreign currencies to Indian currency for calculating stamp duty under the Indian Stamp Act, 1899 and for determination under section 14 of the Customs Act, 1962, effective from 1 July 1991, superseding an earlier notification; a Schedule lists the named foreign currencies with the rate of each currency equivalent to Rs. 100 to be used for valuation and assessment.
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 for stamp duty and customs prescribes specific conversion rates governing valuation and assessment.
Prescribes fixed conversion rates for specified foreign currencies to Indian currency for calculating stamp duty under the Indian Stamp Act, 1899 and for determination under section 14 of the Customs Act, 1962, effective from 1 July 1991, superseding an earlier notification; a Schedule lists the named foreign currencies with the rate of each currency equivalent to Rs. 100 to be used for valuation and assessment.
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