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. 1 & 8 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)
1.	Australian Dollar	47.90	46.70
8.	New Zealand Dollar	45.10	43.95

These rates will be effective from 4th February, 2015.

Exchange rate amendment: customs valuation updated for Australian and New Zealand dollars, altering import and export conversion rates. Under Section 14 of the Customs Act, the notification substitutes Schedule I entries for the Australian Dollar and New Zealand Dollar, prescribing separate conversion rates for imported goods and for exported goods; these substituted entries serve as the statutory exchange rates for customs valuation and duty calculation and take effect from the date specified in the notification.