Exchange Rate Determination fixes statutory conversion rates for specified foreign currencies for import valuation and customs compliance. The Central Board of Excise & Customs, under the Customs Act, 1962, prescribes statutory conversion rates for specified foreign currencies for purposes of import valuation and customs processes, effective from 1st May, 2007, and supersedes the earlier notification; two schedules list the applicable rupee equivalents for the listed currencies.
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 fixes statutory conversion rates for specified foreign currencies for import valuation and customs compliance.
The Central Board of Excise & Customs, under the Customs Act, 1962, prescribes statutory conversion rates for specified foreign currencies for purposes of import valuation and customs processes, effective from 1st May, 2007, and supersedes the earlier notification; two schedules list the applicable rupee equivalents for the listed currencies.
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