Rupee Falls to 100.75 against Pound Sterling for Customs Valuation on Imports w.e.f. 19 August 2013

[Ref: 86-Cus(NT)/21.08.2013]

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. 83/2013-CUSTOMS (N.T.) dated the 14th August, 2013 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S. O.2467(E) dated, the 14th August, 2013, namely:-

In the SCHEDULE-I of the said Notification, for Serial No. 11 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)

11.

Pound Sterling

100.75

98.55

These rates will be effective from 21st August, 2013.

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