CBEC has announced the new exchange rates for imports with effect from 10th October 2012. For export, there is no change.

Notification No.93/2012-Customs (N.T.),  Dated the 9th October, 2012

S. O…. (E). – In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 91/2012-CUSTOMS (N.T.) dated the 4th October, 2012 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S. O. 2360(E) dated, the 4th October, 2012, namely:-

In the SCHEDULE-I of the said Notification, for Serial No. 13 and the entries relating thereto, the following shall be substituted, namely:-

 SCHEDULE-I

S.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 Export Goods)

13.

South African Rand

6.10

6.05 (i.e. no change) (Read Corrigenda Given Below)

These rates will be effective from 10th October, 2012.

[F. No. 468/16/2012-Cus.V]

(ABHINAV GUPTA)

Under Secretary to the Government of India

Telephone No. 011-2309 4610

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF EXCISE AND CUSTOMS)

CORRIGENDUM

Dated the 10th October, 2012

S. O…. (E). – In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 93/2012-CUSTOMS (N.T.) dated the 9th October, 2012 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary, vide number S.O. 2395(E) dated, the 9th October, 2012, the rate for export goods in S.No.13, Column (3) Part (b) should be read as “5.75” instead of “6.05 (i.e. no change)”.

[F. No. 468/16/2012-Cus.V]

(ABHINAV GUPTA)

Under Secretary to the Government of India

Telephone No. 011-2309 4610

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