Exchange rate determination for export valuation establishes specified currency conversion rates for customs under Customs Act provision. The Central Board of Excise & Customs, exercising powers under section 14(3)(a)(i) of the Customs Act, specifies conversion rates of listed foreign currencies into Indian rupees for export valuation, effective 1st May, 2007, superseding the earlier March notification. Schedule I provides per-unit rupee equivalents for specified currencies and Schedule II provides the rupee equivalent for 100 units of Japanese Yen for use in customs export computations.
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 export valuation establishes specified currency conversion rates for customs under Customs Act provision.
The Central Board of Excise & Customs, exercising powers under section 14(3)(a)(i) of the Customs Act, specifies conversion rates of listed foreign currencies into Indian rupees for export valuation, effective 1st May, 2007, superseding the earlier March notification. Schedule I provides per-unit rupee equivalents for specified currencies and Schedule II provides the rupee equivalent for 100 units of Japanese Yen for use in customs export computations.
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