Exchange Rates for Customs Valuation – Imports and Exports
Notification No. 44/ 2009-Customs (N.T.) Dated the 28th April, 2009
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.38/2009-CUSTOMS (N.T.), dated the 27 March, 2009 vide number S.O. 867(E), dated the 27thMarch, 2009, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st May, 2009 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.