Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    GST Orders Uploaded Without Proper Service Violate...     TaxTMI    SEBI Extends Cybersecurity Framework Compliance...     TaxTMI    SEBI Revises Lock-in Rules for InvIT Preferential...     TaxTMI    Customs Duty Rates Under India-UAE CEPA to Change...     TaxTMI    Income-tax Rules Amended: Form 3CD Gets Major...     TaxTMI    SEBI Amends REIT Regulations: Relaxed Lock-in Rules...     TaxTMI    SCN Issued Two Days Beyond Section 73(2) Deadline...     TaxTMI    CBIC Revises Tariff Values Under Section 14(2) for...     TaxTMI    Diamond Imprest Authorisation Form Updated with...     TaxTMI    Sea Cargo Manifest Regulations: CBIC Extends...     TaxTMI    CBIC Implements Electronic Processing for Personal...     TaxTMI    CBDT Authorizes Waiver of Interest on Delayed...     TaxTMI    GST Assessment Order Set Aside for Lacking Document...     TaxTMI    Refund of Unutilised Input Credit Allowed After...     TaxTMI    Tribunal Excludes Three IT Giants as Comparables...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

Automated process introduced for publishing exchange rates by ...


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

July 8, 2024

Circulars     Customs

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.

View Source

 

← Previous Next →

 

You may also like:

  1. A circular issued by the Ministry of Finance announces the launch of the Exchange Rate Automation Module (ERAM) for customs valuation under the Customs Act. The ERAM...

  2. The public notice announces the launch of the Exchange Rate Automation Module (ERAM) by the Central Board of Indirect Taxes and Customs (CBIC) to automate the process of...

  3. The Government of India, u/s 14 of the Customs Act, 1962, issued Notification No. 40/2024-Customs (N.T.) on 6th June, 2024, replacing Notification No....

  4. The Securities and Exchange Board of India has issued the Notification for the (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market)...

  5. Notification No. 24/2024 - Customs (N.T.), supersedes the previous Notification No. 18/2024-Customs(N.T.) and determines the rates of exchange of foreign currencies...

  6. Exchange Rates Notification No.18/2018-Custom(NT) dated 01.03.2018 - Notification

  7. This is a notification by the Securities and Exchange Board of India (SEBI) regarding the renewal of recognition granted to the Metropolitan Stock Exchange of India...

  8. This circular amends Circular 07/2024-Customs to further streamline the automated exchange rate publication process. Key amendments include: If the due date (1st or 3rd...

  9. Notification 38/2024 Customs extends the duration for export of aircraft and vessels imported for maintenance, repair and overhauling from 6 months to 1 year, further...

  10. Automated process launched to publish exchange rates for customs valuation. Exchange rates received from State Bank of India adjusted to nearest five paise, integrated...

  11. The notification u/s 14 of the Customs Act, 1962, supersedes a previous notification. It determines new exchange rates for specified foreign currencies for import and...

  12. Renewal of recognition to Multi Commodity Exchange Clearing Corporation Limited for three years commencing on the 31st day of July, 2022 and ending on the 30th day of...

  13. Notification amends previous notification providing concessional rate for imported gold, silver and platinum under specified schemes. Rates reduced from 9.35% to 4.35%....

  14. The Ministry of Finance, u/s 5A of the Central Excise Act, 1944, has issued Notification No. 16/2024-Central Excise on 14th June, 2024, amending No. 18/2022-Central...

  15. Rate of exchange of one unit of foreign currency equivalent to Indian rupees - Notification

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Duty Drawback Eligibility for Nepal/Bhutan Exports Not Dependent on Pa...
A: Decoding TDS on Rent: Navigating the 2% vs. 5% Rate under Section 194I...
A: From Choice to Compulsion: The New ISD Mandate Under GST Explained
A: RECENT DEVELOPMENTS IN GST
A: Things to remember While Filing Company Law Documents!
A: How Long Does the Online 12A Registration Process Take?
A: Dedicated Freight Container Corridor Railway Lines (DFCC)
A: How India Can Become the 3rd Largest Economy of the World: A Critical ...
A: The Business of Perfume in Kanauj: A Critical Insight{Vocal for Local}...
A: How to Manage Risk in an Export Business?
A: What is behind Indias huge landfills?
A: We need to fix Landfills – Here’s How?
A: Why it is good for Environment, nature and climate, if elections in In...
A: How to Select Products for a profitable Export business from India?
A: -
H: Input Tax Credit Not Available for Share Buyback Expenditure Under GST...
H: Gujarat Maritime Board Dredging Services Not Eligible for Exemption Un...
H: GST Demand Against Deceased Invalid Without Show Cause Notice to Legal...
H: Condonation of Delay in GST Returns Filing Beyond 30-Day Period Under ...
H: No GST Payable on Gas Lost During Transit, But Input Tax Credit Must B...
H: Investment Firm Cannot Claim Input Tax Credit on Mutual Fund Transacti...
H: Free Scraping Tool with Apsara Oil Pastels Constitutes Mixed Supply Un...
H: Section 34 Application Filed on Next Court Working Day After Holiday P...
H: GST Officer Appointed Under Karnataka GST Act Qualifies as Proper Offi...
H: Input Tax Credit Denied for Concrete Tower Construction Supporting Man...
H: Businesses Can Apply Margin Scheme for Second-Hand Goods While Maintai...
H: Rice Husk Board with PVC Resin Cannot Be Classified Under Chapter 44 o...
H: Goods Delivered Under Fraudulent Orders Still Constitute "Supply" Unde...
H: Input Tax Credit Available on Employer's Share of Mandatory Canteen Se...
H: Transfer Pricing Adjustment for Guarantee Fees Paid to Associated Ente...