Exchange Rates

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Prashant Vakharia (Querist)
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21 April 2009 Why there is 2 to 3 percent gap for imported and export goods rate in notification issued for valuation under section 14? Like australian dollar for imported goods taken at Rs. 36.05 while for export goods it is taken at Rs. 34.9. Following is the link to see the rates.

https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k9/csnt38-2k9.htm

Sachidanand Singh

Sachidanand Singh (Expert)
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22 April 2009 Banks sell currency at higher rates and buy at lower rates. Thus the INR equivalent of value of dollar that an exporter gets is less than the INR cost of dollar for importers.

Sachidanand Singh

Sachidanand Singh (Expert)
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22 April 2009 Banks sell currency at higher rates and buy at lower rates. Thus the INR equivalent of value of dollar that an exporter gets is less than the INR cost of dollar for importers.

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