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 amendments in the Notification of the Central Board of Excise and Customs No. 93/2015-CUSTOMS (N.T.) dated the 17th September, 2015, with effect from 30th September, 2015, namely:-

In the SCHEDULE- I of the said Notification, for Serial No. 12 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)
12.	South African Rand	4.85	4.55

Exchange rate notification updated: revised official exchange rates now govern customs valuation for imports and exports. The Central Board of Excise & Customs amended a notification under the Customs Act to substitute the Schedule I serial entry for a specified foreign currency, replacing prior exchange rate entries with distinct rates for imported and export goods; the amendment takes effect on the stated commencement date and governs customs valuation and related procedures.