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CBEC Exchange Rates W.e.f. August 26th, 2016

Dated 26th, August 2016 | Copy of | Notification No. 117/2016-Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following amendments in the Notification of the Central Board of Excise and Customs No.112/2016-CUSTOMS (N.T.), dated 18th August, 2016, with effect from 27th August, 2016, namely:-

In the SCHEDULE-I of the said Notification, for serial No.12 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)
12. South African Rand 4.90 4.55

Sd/-
(Kshitendra Verma)
Under Secretary to the Govt. of India

F.No.468/01/2016-Cus.V
Issued by:
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
New Delhi

The Dollar Business Bureau - Aug 27, 2016 12:00 IST