Exchange rate determination fixes customs conversion rates for foreign currencies applicable to imports and exports from the effective date. Determines the rate of exchange for conversion between specified foreign currencies and Indian rupees for customs purposes, with distinct published rates for imported goods and for export goods; supersedes the prior notification and fixes the operative conversion rates listed in Schedule I (individual currencies) and Schedule II (Japanese yen per one hundred units) to be applied from the stated effective date for customs valuation and related import/export 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 fixes customs conversion rates for foreign currencies applicable to imports and exports from the effective date.
Determines the rate of exchange for conversion between specified foreign currencies and Indian rupees for customs purposes, with distinct published rates for imported goods and for export goods; supersedes the prior notification and fixes the operative conversion rates listed in Schedule I (individual currencies) and Schedule II (Japanese yen per one hundred units) to be applied from the stated effective date for customs valuation and related import/export procedures.
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 
