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The principal notification No. 79/95-Customs dated, the 31st March, 1995 was published in the Gazette of India, Extra-ordinary vide GSR 301 (E), dated the 31st March, 1995 and was lastly amended by Notification No. 120/00-Customs ,vide GSR 725 (E) dated the 15th September,2000.The principal notification No. 80/95-Customs dated, the 31st March, 1995 was published in the Gazette of India, Extra-ordinary vide GSR 309 (E), dated the 31st March, 1995 and was lastly amended by Notification No. 120/00-Customs , dated the 15th September,2000 vide GSR 725 (E) dated, the 15 September 2000.
For the purposes of this notification, “rate of exchange” applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.
For the purposes of this notification, “rate of exchange” applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962).
The Reserve Bank of India (RBI) has vide its notification no.FEMA.35/2001-RB dated February 16, 2001 amended the Foreign Exchange Management( Transfer or issue of Security by a Person Resident outside India) Regulations, 2000
