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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 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. 3 & 15 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) | |
3. | Canadian Dollar | 49.60 | 48.40 | |
15. | Swiss Franc | 68.00 | 66.35 | |
These rates will be effective from 31st January, 2015.
Exchange rate amendment adjusts official rupee equivalents for specified currencies, altering rates for imports and exports effective immediately. The central customs administration, invoking powers under Section 14, substitutes entries in Schedule I of the customs notification to set revised rupee equivalents for the Canadian Dollar and the Swiss Franc, providing distinct import and export rates. The amended official exchange rates apply for customs valuation and related processes and take effect on 31st January, 2015.Press 'Enter' after typing page number.