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The Central Board of Indirect Taxes and Customs amends Notification No.39/2023-CUSTOMS (N.T.) to revise the foreign exchange rate for South African Rand. Importers and exporters apply the new exchange rates for imported goods and export goods. The revised rates take effect on 13th June, 2023.
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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
Notification No.42/2023- Customs (N.T.)
New Delhi, dated the 12th June, 2023 22 Jyeshtha 1945 (SAKA)
In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Central Board of Indirect Taxes and Customs Notification No.39/2023-CUSTOMS (N.T.), dated 1^st^ June, 2023 with effect from 13^th^ June, 2023.
In the SCHEDULE-I of the said Notification, for serial No.15 and the entries relating thereto, the following shall be substituted, namely: -
SCHEDULE-I
| Sl.No. | Foreign Currency | Rate of exchange of one unit of foreign currency equivalent to Indian rupees | |
|---|---|---|---|
| (a) (For Imported Goods) | (b) (For Export Goods) | ||
| (1) | (2) | (3) | |
| 15. | South African Rand | 4.55 | 4.25 |
[F.No.468/01/2023-Cus.V]
(Harish Kumar) Under Secretary to the Govt. of India
