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Exchange rates

Circular No.ES/271/2017-18                                                          December 20, 2017

To: Members of the Council

Sub: Exchange rates

Dear Member,

We would like to inform you that the CBEC has issued Notification No.117/2017-Customs (NT) dated 19.12.2017 by amending Notification No. 113/2017- Customs (N.T.) dated 07.12.2017 w.e.f. 20.12.2017.

In the SCHEDULE- I of the said notification, for Serial No. 15 and the entries relating thereto, the following shall be substituted, namely

Sl. 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

15

South African Rand

5.20

4.85

Members are requested to make a note of the above.

Thanking You,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

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