CBIC amends the Exchange Rate of South African Rand

Jun 03, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on May 31, 2019, has amended the Exchange rate Notification No. 37/2019-CUSTOMS (N.T.), dated May 16, 2019 with effect from June 01, 2019.

In the SCHEDULE-I of the said Notification, for serial No.15 and the entries relating thereto, the following shall be substituted, namely:

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 Exported Goods

15.

South African Rand

4.85

4.55

[Notification No.39/2019 - Customs (N.T.)]

Click here to download the Notification.


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