Revisonof customs rate of exchange - intra month

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Sachin Kulkarni

Sachin Kulkarni (Querist)
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09 October 2012 Under what condition is the Customs Rate of Exchange amended within a month.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 October 2012 kulkarni ji actually USD rate increasingly day by day then CBEC utilised their power and amend the rate .

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962) if you not satisfied then put RTI letter addressed to CBEC

Sachin Kulkarni

Sachin Kulkarni (Querist)
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09 October 2012 Thanks for the information.What i need to know is ,is there any specified norm in terms of a +/- x% variation in the Interbank rate which will trigger an amendment by CBEC.

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