CBIC to notify Korean Won and Turkish Lira

  • The Central Board of Indirect Taxes and Customs (CBIC) will include ‘Korean Won’ and ‘Turkish Lira’ in the list of currencies for exchange rates for the purpose of valuing imports and exports.
  • CBIC notifies the Rate of Exchange for the purpose of conversion of foreign exchange to Indian rupees for assessment of imports and exports.
  • CBIC notifies the conversion under Customs Act, 1962.
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