In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 09/2015-CUSTOMS (N.T.) dated the 15th January, 2015 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S.O.167(E) dated, the 15th January, 2015, namely:-

In the SCHEDULE-I of the said Notification, for Serial Nos. 4 & 5 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)
4.	Danish Kroner	9.40	9.15
5.	EURO	69.95	68.20

These rates will be effective from 28^th January, 2015.

Exchange rate amendment under customs law revises notified currency conversion rates affecting import and export valuation. The Central Board of Excise & Customs substitutes the Schedule entries for two currencies in the earlier customs notification, specifying separate rupee equivalents for import and export valuation for the Danish Krone and the Euro. These substituted entries replace the prior serial entries and the newly notified rates apply for customs assessment and export valuation, becoming operative from the stated effective date.