Notification No.54/2013, Dated 16th May, 2013

TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION
3, SUB-SECTION (ii), EXTRAORDINARY]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS

NOTIFICATION
NO.54/2013-CUSTOMS (N.T.)

DATED THE 16th May, 2013
26 Vaisakha, 1935(SAKA)

S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.52/2013-CUSTOMS (N.T.), dated the 2nd May, 2013 vide number S.O.1121(E), dated the 2 nd May, 2013, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 17th May, 2013 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

S.No.	Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1	Australian Dollar	55.05	53.55
2	Bahrain Dinar	149.75	141.35
3	Canadian Dollar	54.50	53.15
4	Danish Kroner	9.65	9.35
5	EURO	71.80	70.00
6	Hong Kong Dollar	7.15	7.00
7	Kenya Shilling	67.60	63.50
8	Kuwait Dinar	197.70	185.95
9	New Zealand Dollar	45.65	44.45
10	Norwegian Kroner	9.55	9.25
11	Pound Sterling	84.50	82.50
12	Singapore Dollar	44.70	43.55
13	South African Rand	6.10	5.75
14	Saudi Arabian Riyal	15.05	14.20
15	Swedish Kroner	8.35	8.10
16	Swiss Franc	57.50	56.05
17	UAE Dirham	15.35	14.50
18	US Dollar	55.30	54.35

SCHEDULE-II

S.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1	Japanese Yen	54.40	53.00

[F.No.468/03/2013-Cus.V]
(ABHINAV GUPTA)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA
TELE: 2309 4610

Frequently Asked Questions

What are Indian custom notifications, and why are they important?

Indian customs notifications are official announcements issued by the Central Board of Indirect Taxes and Customs (CBIC) to communicate updates in customs laws, duty rates, procedural changes, exemptions, and policy revisions.

They are important for importers, exporters, and logistics professionals to stay compliant with current regulations and avoid penalties or clearance delays.

How can Indian custom notifications impact my business?

Custom notifications can affect business operations by changing duty structures, documentation requirements, valuation norms, or trade facilitation guidelines.

Staying updated helps companies adjust their pricing, planning, and compliance practices. Ignoring these notifications may result in fines, incorrect duty payments, or disrupted customs clearance.

How often are Indian customs notifications released?

Indian custom notifications are released as and when regulatory changes, budget announcements, or policy amendments occur.

Notifications may be issued periodically or in response to urgent requirements, including tariff updates, procedure modifications, or global trade developments affecting import-export compliance.

Where can I find the latest Indian customs notifications?

The most authoritative source for the latest Indian customs notifications is the official CBIC website.

Additionally, Seair Exim Solutions curates these notifications and provides summaries and explanations within its trade intelligence platform to help users quickly understand key changes relevant to their business.

How should businesses respond to new Indian customs notifications?

When new custom notifications are released, businesses should assess the impact on duty rates, compliance requirements, and documentation processes.

Consulting with tax professionals or using trade intelligence tools as we do ensures accurate interpretation and timely implementation of changes in customs procedures.