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:


Foreign Currency

Rate of exchange of one unit of foreign currency equivalent to Indian rupees










(For Imported Goods)

(For Exported Goods


South African Rand



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

Click here to download the Notification.


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