CBIC amended an older notification related to the Rate of exchange of one unit of foreign currency equivalent to Indian rupees

Jul 13, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Taxes and Customs (CBIC) on July 13, 2023, issued a notification to amend Notification No. 50/2023-CUSTOMS (N.T.), dated July 06, 2023.

The following amendments have been stated:

In SCHEDULE-I, for serial No.10 and 16 and the entries relating thereto, the following shall be substituted, namely: -

10. Norwegian Kroner – 8.25 (For Imported Goods) 8.00 (For Export Goods)

16. Swedish Krone – 8.05 (For Imported Goods) 7.80 (For Export Goods)

[Notification No. 52/2023 - Customs (N.T.)]

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