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India Automates Exchange Rate Publication, Ends Notifications from July 2024; Access via ICEGATE and CBIC Websites.

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....Automated process introduced for publishing exchange rates by integrating data from State Bank of India with Indian Customs EDI System. Exchange rates adjusted to nearest five paise to be published on ICEGATE website at 6 PM on designated days, effective from midnight following day. Contingency plan with nodal officers for monitoring and manual intervention in case of technical issues. Existing system of notifying rates through notifications dispensed with effect from 4th July 2024. Link on CBIC website to access published rates on ICEGATE. Standing order for Mangaluru Customs officers and staff.....

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