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In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 83/2013-CUSTOMS (N.T.) dated the 14th August, 2013 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S.O. 2467(E) dated, the 14th August, 2013, namely:-
In SCHEDULE-I of the said Notification, for Serial No.2,4,5,6,7,8,14, 16,17,18 and the entries relating thereto, the following shall be substituted, namely:-
SCHEDULE-I
S.No. | Foreign Currency | Rate of exchange of one unit of foreign currency equivalent to Indian rupees | ||
(1) | (2) | (3) | ||
|
| (a) | (b) | |
|
| (For Imported Goods) | (For Export Goods) | |
2. | Bahrain Dinar | 176.85 | 167.20 | |
4. | Danish Kroner | 11.75 | 11.40 | |
5. | Euro | 87.40 | 85.50 | |
6. | Hong Kong Dollar | 8.45 | 8.30 | |
7. | Kenya Shilling | 76.30 | 72.00 | |
8. | Kuwait Dinar | 234.55 | 221.60 | |
14. | Saudi Arabian Riyal | 17.80 | 16.80 | |
16. | Swiss Franc | 71.00 | 69.35 | |
17. | UAE Dirham | 18.15 | 17.15 | |
18. | U.S. Dollar | 65.35 | 64.30 | |
In Schedule-II for Serial No.1 and the entry relating thereto, the following shall be substituted, namely:-
SCHEDULE-II
S.No. | Foreign Currency | Rate of exchange of 100 units of foreign currency equivalent to Indian rupees | ||
(1) | (2) | (3) | ||
|
| (a) | (b) | |
|
| (For Imported Goods) | (For Export Goods) | |
1. | Japanese Yen | 66.85 | 65.25 | |
These rates will be effective from 23rd August, 2013.
Exchange rate notification updates import and export conversion rates, altering customs valuation and foreign currency conversion for trade. Amendment under Section 14 of the Customs Act substitutes entries in SCHEDULE-I and SCHEDULE-II of Notification No. 83/2013 CUSTOMS (N.T.), replacing listed foreign currency exchange rates for Imported Goods and Export Goods, and specifying the rate for Japanese Yen per 100 units. The revised exchange rates take effect from 23rd August, 2013. of Press 'Enter' after typing page number.
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