Rupee Crashes by 5% Against SFranc, Yen 5.4%

[Customs Notification No. 58 (Non Tariff) dated 5th June 2013]

In excise 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. 54/2013-CUSTOMS (N.T.) dated the 16th May, 2013 published in the Gazette of India, part II, Section 3, Sub-section (ii), Extraordinary vide number  S.O.[1121(E)], dated 16th May, 2013, namely:-

In the Schedule-I and II of the said Notification, for Serial Nos. 15, 16 and serial No. 1 respectively, and the entries relating thereto, the following shall be substituted, namely:-

Schedule-I

SNo.

Foreign Currency

Rate of exchange of one units of foreign currency equivalent to Indian Rupees

(1)

(2)

(3)

 

 

(a)

(b)

 

 

(for imported Goods)

(For Export Goods)

15.

Swedish Kroner

8.75

8.50

16.

Swiss Franc

60.40

58.90

 

Schedule-II

SNo.

Foreign Currency

Rate of exchange of 100 units of foreign currency equivalent to Indian Rupees

(1)

(2)

(3)

 

 

(a)

(b)

 

 

(For Imported Goods)

(For Export Goods)

1.

Japanese Yen

57.50

56.05

The rates will be effective from 06.06.2013.

F. No. 468/03/2013-Cus-V