South African Rand Exchange Rate Revised to Rs. 4.65 w.e.f. 13 march 2020

[Notification No. 22/ 2020 - Customs (N.T.) dated 12 March 2020]

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 amendment in the Notification of the Central Board of Indirect Taxes and Customs No.20/2020-CUSTOMS (N.T.), dated 5th March, 2020  with effect from 13th March, 2020, namely: -

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 1 unit of foreign currency equivalent to Indian rupees

(1)

(2)

(3)

 

 

(a)

(b)

 

 

(For Imported Goods)

(For Exported Goods)

15.

South African Rand

4.65

4.35

[F.No.468/01/2020-Cus.V]