CBIC Notifies Amendments to Exchange Rate Notification Under Customs Act, 1962

Last updated: 04 March 2025

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The Central Board of Indirect Taxes & Customs (CBIC) has issued amendments to the exchange rate notification under the Customs Act, 1962. These changes, made by exercising powers under sub-section (2) of section 14 of the Act, aim to update the existing notification from 2001. The official circular detailing these amendments has been released.

Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 12/2025-CUSTOMS (N.T.)

New Delhi, 28th February, 2025
09 Phalguna, 1946 (SAKA)

S.O. ... (E).– 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

Official copy of the circular has been attached

FAQ :

The main purpose is to notify amendments to the exchange rate notification under the Customs Act, 1962.

The Central Board of Indirect Taxes & Customs (CBIC) issued this notification.

The amendments were made under the Customs Act, 1962.

The amendments were made using the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962.

The original notification being amended is No. 36/2001-Customs (N.T.), dated 3rd August, 2001.

Notification No : Notification No. 12/2025-CUSTOMS (N.T.)
Source : https://taxinformation.cbic.gov.in/view-pdf/1010322/ENG/Notifications

Attached File : 322600_11442_csnt12_2025.pdf

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