CBEC Issues Foreign Currency Conversion rate for Import and Export.

Press Information Bureau
Government of India
Ministry of Finance

17-August-2012 12:35 IST

CBEC Issues Foreign Currency Conversion rate for Import and Export

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.67/2012-CUSTOMS (N.T.), dated the 1^st August, 2012 vide number S.O.1730 (E), dated the 1^st August, 2012, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and  Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 16^th August, 2012 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

 SCHEDULE-II

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