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CBEC amends Exchange Rates of Foreign Currency

CLR Note:

The Central Board of Excise and Customs has issued a notification dated 29th September, 2015 to make amendments to the notification no. 93/2015 dated 17th September, 2015 with respect to the exchange rates of the foreign currency which shall be effective from 30th September, 2015 and the rates are prescribed in Schedule I of the Customs Act, 1962.

Ministry of Finance

29th September 2015

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following amendments in the Notification of the Central Board of Excise and Customs No. 93/2015-CUSTOMS (N.T.) dated the 17th September, 2015, with effect from 30th September, 2015namely:-

In the SCHEDULE- I of the said Notification, for Serial No. 12 and the entries relating thereto, the following shall be substituted, namely:-

SCHEDULE-I

S.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)

12.

South African Rand

4.85

4.55

 

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