Dollar Exchange Rates Revised to Rs. 55.95 and Rs. 55.15 from Rs. 53.10 and Rs. 52.25 w.e.f. 25 May 2012

[Customs Notification No. 45 (Non Tariff) dated 24th May 2012]

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. 38/2012-CUSTOMS (N.T.) dated the 26th April, 2012 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S. O. 924 (E) dated, the 26th April, 2012, namely:-

In the SCHEDULE-I of the said Notification, for Serial Nos. 5 and 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)

5.

Hong Kong Dollar

7.20

7.10

11.

US Dollar

55.95

55.15

These rates will be effective from 25th May, 2012.

[F. No. 468/9/2012-Cus.V]