Exchange rate determination for imported goods sets prescribed conversion rates for customs valuation effective from the stated date. The Central Board of Excise & Customs determines the rate of exchange for specified foreign currencies for customs valuation of imported goods, superseding the prior notification and prescribing conversion rates in two appended schedules; the determination applies from the stated effective date and covers conversion of each listed foreign currency into Indian rupees and vice versa.
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 imported goods sets prescribed conversion rates for customs valuation effective from the stated date.
The Central Board of Excise & Customs determines the rate of exchange for specified foreign currencies for customs valuation of imported goods, superseding the prior notification and prescribing conversion rates in two appended schedules; the determination applies from the stated effective date and covers conversion of each listed foreign currency into Indian rupees and vice versa.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
