CBEC Exchange Rates W.e.f. June 24th, 2016
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.87/2016-CUSTOMS (N.T.), dated 16th June, 2016, with effect from 24th June, 2016, namely:-
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
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) | ||||
12. | South African Rand | 4.80 | 4.45 |
Sd/-
(Kshitendra Verma)
Under Secretary to the Govt. of India
F.No.468/01/2016-Cus.V
Issued by:
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
New Delhi