Govt to Automate Customs Exchange Rate Issuance Process w.e.f. 4th July 2024 Know Complete Details Here [Read Circular]

The rates will be published on the ICEGATE website at 6:00 p.m. according to the existing schedule, becoming effective from midnight the following day.
CBIC - Customs - Exchange Rate - Customs Exchange Rate - Automation - Rate Issuance - TAXSCAN

The government has announced the automation of exchange rate notifications for imported and exported goods. This change will take effect from the 4th of July, 2024. The  Central Board of Indirect Taxes and Customs ( CBIC ) has issued circular no. 07/2024 on 25th June 2024. According to Section 14 of the Customs Act, the…

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