In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Notification of the Central Board of Indirect Taxes and Customs No.55/2019-CUSTOMS (N.T.), dated 1st August, 2019 with effect from 14th August, 2019, namely: -

In the SCHEDULE-I of the said Notification, for serial No.17 and the entries relating thereto, the following shall be substituted, namely: -

SCHEDULE-I

Sl.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 Exported Goods)
17.	Swiss Franc	74.60	71.70

 

Exchange rate amendment updates Swiss Franc import and export conversion rates under customs notification, effective immediately. Amendment under section 14 revises Notification No.55/2019-CUSTOMS by substituting serial No.17 in Schedule-I to set distinct rupee equivalents for one Swiss Franc for imported goods and for exported goods, effective as stated in the press release; the change updates the exchange-rate table used for customs valuation and related procedural calculations.