Exchange rate notification amended, replacing specified import and export currency conversion rates effective March 2020. The Central Board of Indirect Taxes and Customs, invoking powers under section 14 of the Customs Act, 1962, substitutes specified entries in SCHEDULE I and SCHEDULE II of Notification No.15/2020 CUSTOMS (N.T.) effective 5th March, 2020. The amendment replaces the rates for Danish Kroner, Euro and Swedish Kroner in SCHEDULE I (rates per one unit for imported and exported goods) and replaces the Japanese Yen entry in SCHEDULE II (rates per 100 units for imported and exported goods), establishing the rupee equivalences to be applied for customs valuation.
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Exchange rate notification amended, replacing specified import and export currency conversion rates effective March 2020.
The Central Board of Indirect Taxes and Customs, invoking powers under section 14 of the Customs Act, 1962, substitutes specified entries in SCHEDULE I and SCHEDULE II of Notification No.15/2020 CUSTOMS (N.T.) effective 5th March, 2020. The amendment replaces the rates for Danish Kroner, Euro and Swedish Kroner in SCHEDULE I (rates per one unit for imported and exported goods) and replaces the Japanese Yen entry in SCHEDULE II (rates per 100 units for imported and exported goods), establishing the rupee equivalences to be applied for customs valuation.
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