The Central Board of Indirect Taxes and Customs (CBIC) on September 18, 2024, amended an older circular No. 07/2024-Customs to further ease the process of publication of automated exchange rate.
The following has been stated: -
•To further streamline the module and ensure that appropriate action is taken in case of contingency, the following amendments have been made in the Circular 07/2024-Customs dated June 25, 2024-
(i)At the end of Paragraph 4.1, the following sentence is inserted: “Where a due date, i.e. 1st or 3rd Thursday, falls on a holiday, the last/latest received rates from SBI would be published on ICEGATE website on the 1st or 3rd Thursday itself."
(ii)Point (iii) of Paragraph 7 in the Circular is substituted.
The detailed circular is given in the document below.
[Circular No.17/2024-Customs]
