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 Central Board of Indirect Taxes and Customs Notification No.98/2021-CUSTOMS (N.T.), dated 16th December, 2021 with effect from 29th   December, 2021.

In the SCHEDULE-I of the said Notification, for serial No.18 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 Export Goods)
18.	Turkish Lira	6.65	6.25

 

Exchange rate adjustment: Turkish Lira conversion revised for customs import and export valuations, effective as notified. Amendment to the customs exchange-rate schedule substitutes the SCHEDULE-I entry for Turkish Lira at serial No.18, prescribing distinct rupee-equivalent rates for import and export valuations, and designates the effective date on which the revised Schedule-I entry will operate for customs valuation and related regulatory calculations.