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 conferred by section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for 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.
herefore, in exercise of the powers conferred by section 11-I of the Customs Act, 1962 (52 of 1962), the Central Government hereby specifies the goods in the said Schedule as the goods in respect of which special measures for the purpose of checking their illegal export and facilitating the detection of the said goods, which are likely to be illegally exported, shall be taken in the areas specified in India’s land border with Myanmar falling within the territories of Nagaland, Manipur, Mizoram and Arunachal Pradesh in terms of the notification of the Government of India in the Ministry of Finance (Department of Revenue) Number 318-B/1986-Customs, dated the 14th May, 1986 and Number 24/1988-Customs(N.T.), dated the 15th April, 1988.
Further, it may be noted that in terms of Regulation 2 of Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time, “preference shares” mean compulsorily and mandatorily convertible preference shares and “debenture” means compulsorily and mandatorily convertible debentures.
