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. 28/2015-CUSTOMS (N.T.) dated the 5th March, 2015 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S.O.566(E) dated, the 5th March, 2015, namely:-

In the SCHEDULE-I of the said Notification, for Serial No. 9 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)
		(For Imported Goods)	(For Export Goods)
9.	Norwegian Kroner	7.65	7.45

These rates will be effective from 19th March, 2015.

Exchange rate notification: Norwegian Kroner conversion rates updated, altering customs valuation for imports and exports. Amendment under statutory power substitutes the Schedule entry for the Norwegian Kroner in a prior customs notification, prescribing distinct rupee-equivalent exchange rates for imported goods and for exported goods and stating an effective date for the revised rates, thereby changing the official exchange rates used for customs valuation and related procedures.