Exchange rate determination for exports sets statutory conversion rates for specified foreign currencies effective immediately. The Board, exercising powers under the Customs Act, supersedes a prior notification and prescribes statutory rupee conversion rates for specified foreign currencies for export-related purposes, with rates listed in Schedule I (one-unit quotations for major currencies) and Schedule II (the Japanese yen on the stated multi-unit basis), to operate from the notified effective date as the operative conversion table for customs export calculations.
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 exports sets statutory conversion rates for specified foreign currencies effective immediately.
The Board, exercising powers under the Customs Act, supersedes a prior notification and prescribes statutory rupee conversion rates for specified foreign currencies for export-related purposes, with rates listed in Schedule I (one-unit quotations for major currencies) and Schedule II (the Japanese yen on the stated multi-unit basis), to operate from the notified effective date as the operative conversion table for customs export calculations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
