Some such examples are the New Zealand Dollar and the South African Rand both of which do not feature in the exchange rate notifications of the Department of Revenue . These are merely an illustrative list in the basket of hard currencies not covered by such notifications.
All the Chief Commissioner of Customs are requested to issue necessary instructions to the concerned assessing officers in their jurisdiction to strictly follow the above said instructions and difficulties, if any, may be brought to the notice of the Board immediately
Circular No. 681/72/2002-CX The appeal filed by the Board against CEGAT Judgement in the case of M/s.Mahindra & Mahindra Ltd. [1998 (103) ELT 606 (T)] alongwith similar matters in the case of M/s.Hindustan Motors Ltd. [1998 (101) ELT 198 (T)] and M/s.Escorts Tractors Ltd. [1999 (078) ECR 342 (T)] have been dismissed by the apex court on 27.1.2000.
