Nov 17, 2022 | Business
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 92/2022-Customs(N.T.), dated 3rd November, 2022 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 18th November, 2022, 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.
SCHEDULE-I
|
Sl.
No.
|
Foreign Currency
|
Rate of exchange of one unit of foreign currency equivalent to Indian rupees
|
-
|
(2)
|
(3)
|
|
|
(a)
|
(b)
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
1.
|
Australian Dollar
|
56.05
|
53.65
|
|
2.
|
Bahraini Dinar
|
223.65
|
210.30
|
|
3.
|
Canadian Dollar
|
62.20
|
60.20
|
|
4.
|
Chinese Yuan
|
11.60
|
11.30
|
|
5.
|
Danish Kroner
|
11.60
|
11.20
|
|
6.
|
EURO
|
86.25
|
83.20
|
|
7.
|
Hong Kong Dollar
|
10.60
|
10.25
|
|
8.
|
Kuwaiti Dinar
|
273.75
|
257.40
|
|
9.
|
New Zealand Dollar
|
51.45
|
49.10
|
|
10.
|
Norwegian Kroner
|
8.30
|
8.00
|
|
11.
|
Pound Sterling
|
98.75
|
95.40
|
|
12.
|
Qatari Riyal
|
23.05
|
21.65
|
|
13.
|
Saudi Arabian Riyal
|
22.45
|
21.10
|
|
14.
|
Singapore Dollar
|
60.45
|
58.50
|
|
15.
|
South African Rand
|
4.85
|
4.55
|
|
16.
|
Swedish Kroner
|
7.90
|
7.65
|
|
17.
|
Swiss Franc
|
88.00
|
84.75
|
|
18.
|
Turkish Lira
|
4.50
|
4.25
|
|
19.
|
UAE Dirham
|
22.95
|
21.60
|
|
20.
|
US Dollar
|
82.60
|
80.90
|
SCHEDULE-II
|
Sl.
No.
|
Foreign Currency
|
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
|
-
|
(2)
|
(3)
|
|
|
(a)
|
(b)
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
1.
|
Japanese Yen
|
59.50
|
57.60
|
|
2.
|
Korean Won
|
6.30
|
5.90
|
****
RM/PPG/KMN
(Release ID: 1876788)
Visitor Counter : 420
Nov 4, 2022 | Business
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 90/2022-Customs(N.T.), dated 20th October, 2022 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 4th November, 2022, 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.
SCHEDULE-I
|
Sl.
No.
|
Foreign Currency
|
Rate of exchange of one unit of foreign currency equivalent to Indian rupees
|
-
|
(2)
|
(3)
|
|
|
(a)
|
(b)
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
1.
|
Australian Dollar
|
54.00
|
51.65
|
|
2.
|
Bahraini Dinar
|
226.95
|
213.40
|
|
3.
|
Canadian Dollar
|
61.60
|
59.60
|
|
4.
|
Chinese Yuan
|
11.50
|
11.20
|
|
5.
|
Danish Kroner
|
11.15
|
10.75
|
|
6.
|
EURO
|
83.05
|
80.05
|
|
7.
|
Hong Kong Dollar
|
10.75
|
10.40
|
|
8.
|
Kuwaiti Dinar
|
276.50
|
259.75
|
|
9.
|
New Zealand Dollar
|
49.70
|
47.40
|
|
10.
|
Norwegian Kroner
|
8.05
|
7.80
|
|
11.
|
Pound Sterling
|
96.30
|
93.00
|
|
12.
|
Qatari Riyal
|
23.50
|
22.10
|
|
13.
|
Saudi Arabian Riyal
|
22.75
|
21.40
|
|
14.
|
Singapore Dollar
|
59.50
|
57.60
|
|
15.
|
South African Rand
|
4.70
|
4.40
|
|
16.
|
Swedish Kroner
|
7.60
|
7.35
|
|
17.
|
Swiss Franc
|
84.30
|
81.30
|
|
18.
|
Turkish Lira
|
4.60
|
4.30
|
|
19.
|
UAE Dirham
|
23.30
|
21.90
|
|
20.
|
US Dollar
|
83.80
|
82.10
|
SCHEDULE-II
|
Sl.
No.
|
Foreign Currency
|
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
|
-
|
(2)
|
(3)
|
|
|
(a)
|
(b)
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
1.
|
Japanese Yen
|
57.20
|
55.45
|
|
2.
|
Korean Won
|
6.00
|
5.65
|
****
RM/PPG/KMN
(Release ID: 1873491)
Visitor Counter : 689
Sep 5, 2022 | Business
The Ministry of Road Transport and Highways has issued the Motor Vehicles Non Transport Vehicles Visiting India Rules, 2022 vide notification GSR 680(E) dated 02.09.2022. These rules formalize the movement of Non-Transport (Personal) vehicles registered in other countries when entering or plying in the territory of India.
The following documents shall be carried in the vehicle(s) operating under these rules during the duration of stay in the country, namely:–
(i) A valid registration certificate;
(ii) A valid driving license or international driving permit, whichever is applicable;
(iii) A valid insurance policy;
(iv) A valid pollution under control certificate (if applicable in the origin country);
In case the documents referred above are in a language other than English, then an authorized English translation, duly authenticated by the issuing authority, shall be carried along with the original documents.
Motor vehicles registered in any country other than India shall not be permitted to transport local passengers and goods within the territory of India.
Motor vehicles registered in any country other than India shall be required to comply with rules and regulations made under Motor Vehicles Act, 1988 of India.
Click here for the Gazette Notification
***********
MJPS
(Release ID: 1856782)
Visitor Counter : 788
Jun 3, 2022 | Business
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.43/2022-Customs(N.T.), dated 19th May, 2022 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 3rd June, 2022, 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.
SCHEDULE-I
|
Sl.
No.
|
Foreign Currency
|
Rate of exchange of one unit of foreign currency equivalent to Indian rupees
|
-
|
(2)
|
(3)
|
|
|
(a)
|
(b)
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
1.
|
Australian Dollar
|
56.95
|
54.50
|
|
2.
|
Bahraini Dinar
|
212.55
|
199.65
|
|
3.
|
Canadian Dollar
|
62.40
|
60.25
|
|
4.
|
Chinese Yuan
|
11.75
|
11.40
|
|
5.
|
Danish Kroner
|
11.30
|
10.90
|
|
6.
|
EURO
|
84.25
|
81.20
|
|
7.
|
Hong Kong Dollar
|
10.05
|
9.70
|
|
8.
|
Kuwaiti Dinar
|
261.85
|
245.60
|
|
9.
|
New Zealand Dollar
|
51.65
|
49.35
|
|
10.
|
Norwegian Kroner
|
8.30
|
8.05
|
|
11.
|
Pound Sterling
|
98.60
|
95.25
|
|
12.
|
Qatari Riyal
|
22.00
|
20.55
|
|
13.
|
Saudi Arabian Riyal
|
21.35
|
20.05
|
|
14.
|
Singapore Dollar
|
57.40
|
55.45
|
|
15.
|
South African Rand
|
5.15
|
4.80
|
|
16.
|
Swedish Kroner
|
8.00
|
7.75
|
|
17.
|
Swiss Franc
|
82.15
|
79.05
|
|
18.
|
Turkish Lira
|
4.85
|
4.60
|
|
19.
|
UAE Dirham
|
21.80
|
20.50
|
|
20.
|
US Dollar
|
78.50
|
76.80
|
SCHEDULE-II
|
Sl.
No.
|
Foreign Currency
|
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
|
-
|
(2)
|
(3)
|
|
|
(a)
|
(b)
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
1.
|
Japanese Yen
|
60.70
|
58.65
|
|
2.
|
Korean Won
|
6.40
|
6.00
|
****
RM/MV/KMN
(Release ID: 1830581)
Visitor Counter : 1361
May 14, 2022 | Business
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-
In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: –
“TABLE-1
|
Sl. No.
|
Chapter/ heading/ sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $Per Metric Tonne)
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
1511 10 00
|
Crude Palm Oil
|
1703
|
|
2
|
1511 90 10
|
RBD Palm Oil
|
1765
|
|
3
|
1511 90 90
|
Others – Palm Oil
|
1734
|
|
4
|
1511 10 00
|
Crude Palmolein
|
1768
|
|
5
|
1511 90 20
|
RBD Palmolein
|
1771
|
|
6
|
1511 90 90
|
Others – Palmolein
|
1770
|
|
7
|
1507 10 00
|
Crude Soya bean Oil
|
1827
|
|
8
|
7404 00 22
|
Brass Scrap (all grades)
|
5738
|
TABLE-2
|
Sl. No.
|
Chapter/ heading/ sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $)
|
|
(1)
|
(2)
|
(3)
|
(4)
|
1.
|
71 or 98
|
Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed
|
592 per 10 grams
|
2.
|
71 or 98
|
Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed
|
687 per kilogram
|
3.
|
71
|
(i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92;
(ii) Medallions and silver coins having silver
content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage.
Explanation. – For the purposes of this entry, silver in any form shall not include foreign
currency coins, jewellery made of silver or
articles made of silver.
|
687 per kilogram
|
4.
|
71
|
(i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units;
(ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage.
Explanation. – For the purposes of this entry, “gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place.
|
592 per 10 grams
|
TABLE-3
|
Sl. No.
|
Chapter/ heading/ sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $ Per Metric Tonne)
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
080280
|
Areca nuts
|
5477(i.e., no change)”
|
This notification shall come into force with effect from the 14th day of May, 2022.
Note: – The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 37/2022-Customs (N.T.), dated the 29th April, 2022, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2030 (E), dated 29th April, 2022.
****
RM/MV/KMN
(Release ID: 1825223)
Visitor Counter : 384
