In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 38/2015-CUSTOMS (N.T.) dated the 16th April, 2015 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S.O.1028 (E) dated, the 16th April, 2015, namely:-

In the SCHEDULE-I of the said Notification, for Serial No. 4, 5, 9, 10 and 14 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	9.60	9.35
5.	Euro	71.45	69.70
9.	Norwegian Kroner	8.55	8.30
10.	Pound Sterling	99.15	96.95
14.	Swedish Kroner	7.70	7.50

These rates will be effective from 1^st May, 2015.

Exchange rate amendment revises import and export rupee conversion rates for specified foreign currencies under Section 14 authority. Amendment under Section 14 replaces Schedule I entries in Notification No. 38/2015 CUSTOMS (N.T.), substituting exchange rates for Danish Kroner, Euro, Norwegian Kroner, Pound Sterling and Swedish Kroner with separate rates for imported goods and for export goods, effective from 1st May, 2015.