Exchange rate determination sets statutory conversion rates for imports and exports effective 1 February 2008. Determines statutory conversion rates for specified foreign currencies for customs valuation of imported and exported goods effective 1 February 2008. Under section 14 of the Customs Act, 1962, the Central Board of Excise and Customs supersedes the prior notification and prescribes separate schedule-based rates per 100 units of each listed currency for imports and exports, with prospective effect and a saving for prior acts or omissions.
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 sets statutory conversion rates for imports and exports effective 1 February 2008.
Determines statutory conversion rates for specified foreign currencies for customs valuation of imported and exported goods effective 1 February 2008. Under section 14 of the Customs Act, 1962, the Central Board of Excise and Customs supersedes the prior notification and prescribes separate schedule-based rates per 100 units of each listed currency for imports and exports, with prospective effect and a saving for prior acts or omissions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
