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Archive: 27 June 2005

Posts in 27 June 2005

The rate of exchange of conversion for imported goods w.e.f. 1st July

June 27, 2005 181 Views 0 comment Print

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.41/2005-NT-Customs, dated the 26th May, 2005 [S.O.725 (E) dated the 26th May, 2005], the Board hereby determines for the purposes of said section, relating to imported goods, 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 appended hereto into Indian currency or vice versa shall, with effect from the 1st July.

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