Exchange rate determination for export goods sets specified currency conversion rates effective at end of January.
Determines the rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods under the Customs Act, superseding the prior notification, and provides that, with effect from 28 January 1998, the rate for each currency shall be the rate shown against it in column (3) of the appended Schedules I and II which set rates per unit or per 100 units as specified.

Exchange rate schedule prescribed for import valuation and stamp duty, superseding prior notification and setting official conversion rates.
The Central Government prescribes an official exchange rate schedule for conversion of specified foreign currencies into Indian rupees and vice versa for calculating stamp duty under the Indian Stamp Act, 1899 and for application under section 14 of the Customs Act, 1962 in relation to imported goods, superseding the prior notification and listing two schedules with the authoritative rates to be used by customs and revenue officials.

Import eligibility and use restriction: goods for national highway construction must be used exclusively and not transferred for statutory period.
The amendment to Condition No. 29B limits exemption eligibility to the Ministry of Surface Transport or contractors awarded highway construction work by that Ministry or the National Highway Authority of India, and requires the importer to furnish an undertaking to the Assistant Commissioner of Customs to use the imported goods exclusively for national highway construction and not to sell or dispose of them for five years from importation.

Exchange rates for imported goods amended, updating statutory customs conversion rates and specifying effective date.
Central Government amends the earlier customs notification to substitute specified entries in Schedule I and Schedule II, setting the Indian rupee equivalents for selected foreign currencies (unit rates in Schedule I and 100-unit rates in Schedule II) for valuation of imported goods under customs and stamp law powers; the revised rates take effect from the stated effective date in the notification.

Exchange rate notification updates customs valuation rates for specified foreign currencies, substituting previous schedule and taking effect from mid-January.
Amendment to the customs exchange rate schedule substitutes specified Schedule-I entries for certain foreign currencies, altering the rate of exchange used for customs valuation of imported goods. Issued under statutory delegation, the notification replaces listed schedule lines with updated currency rate entries and specifies the date from which the new exchange rates will apply for customs purposes.

Customs amendment shortens the statutory time period under section 75A from three months to two months.
The Customs (Amendment) Act, 1998 amends section 75A of the Customs Act, 1962 by substituting the period of three months with two months in sub-section (1) and by replacing "three months" with "two months" in sub-section (2). The amendment shortens the time period prescribed under section 75A for the relevant statutory action, while leaving the rest of the provision unchanged.

Exchange rate determination: U.S. dollar rate prescribed for customs valuation, with specified effective date under statutory authority.
Amendment prescribes the rate of exchange for the U.S. dollar for customs purposes by substituting the entry at serial No. 14 in Schedule I of Notification No. 73/97-Cus. (N.T.), under powers conferred by the Indian Stamp Act and the Customs Act, with the prescribed rate becoming effective on a specified date in January 1998.