Exchange Rate Determination: notified conversion rates for specified foreign currencies into Indian rupee take effect under customs law. Determination of exchange rates under the Customs Act prescribing conversion rates of specified foreign currencies into Indian rupees and vice versa for import-related customs purposes. The Board supersedes the earlier notification and prescribes the rate against each currency in Schedule I and Schedule II, which are to be applied from the notification's stated commencement for customs valuation and related procedures.
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: notified conversion rates for specified foreign currencies into Indian rupee take effect under customs law.
Determination of exchange rates under the Customs Act prescribing conversion rates of specified foreign currencies into Indian rupees and vice versa for import-related customs purposes. The Board supersedes the earlier notification and prescribes the rate against each currency in Schedule I and Schedule II, which are to be applied from the notification's stated commencement for customs valuation and related procedures.
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