Exchange rate determination for export goods sets official currency conversion rates to be used in export valuation. The Board, exercising powers under the Customs Act, prescribes rates of exchange for conversion between specified foreign currencies and Indian rupees for export goods valuation; numeric rates are set out in two schedules (per unit for major currencies and per 100 units for Japanese Yen) and take effect from the stated commencement date, superseding the earlier notification.
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 goods sets official currency conversion rates to be used in export valuation.
The Board, exercising powers under the Customs Act, prescribes rates of exchange for conversion between specified foreign currencies and Indian rupees for export goods valuation; numeric rates are set out in two schedules (per unit for major currencies and per 100 units for Japanese Yen) and take effect from the stated commencement date, superseding the earlier notification.
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