Revisonof customs rate of exchange - intra month
This query is : Resolved
Sachin Kulkarni
(Querist)
09 October 2012
Under what condition is the Customs Rate of Exchange amended within a month.
RAMESH KUMAR VERMA
(Expert)
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
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
(Querist)
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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