Exchange Rate Update: Norwegian and Swedish Kroner rates revised for customs valuation, effective mid-July notification. The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, 1962, amends SCHEDULE-I of Notification No. 50/2023-CUSTOMS (N.T.) effective 14th July, 2023 by substituting the entries for Norwegian Kroner and Swedish Kroner; the schedule prescribes separate rates of exchange for one unit of each foreign currency for valuation of imported and exported goods, as set out in Notification No. 52/2023 - Customs (N.T.).