Exchange rate determination for customs conversion prescribes specific currency rates that govern import and export valuation. The Central Board of Excise and Customs, under the Customs Act, prescribes specific rupee conversion rates for specified foreign currencies to be used for customs valuation of imported and exported goods effective 1st September, 2008; rates are detailed in Schedule I (per unit) and Schedule II (per 100 units for Japanese Yen) with separate columns for import and export application, and the notification supersedes the prior exchange rate 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 customs conversion prescribes specific currency rates that govern import and export valuation.
The Central Board of Excise and Customs, under the Customs Act, prescribes specific rupee conversion rates for specified foreign currencies to be used for customs valuation of imported and exported goods effective 1st September, 2008; rates are detailed in Schedule I (per unit) and Schedule II (per 100 units for Japanese Yen) with separate columns for import and export application, and the notification supersedes the prior exchange rate notification.
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