SCHEDULE-II
S.No. | Foreign Currency | Rate of exchange of one unit of foreign currency equivalent to Indian rupees | |
(1) | (2) | (3) | |
(a) | (b) | ||
(For Imported Goods) | (For Export Goods) | ||
1. | Japanese Yen | 55.20 | 53.90 |
In the amendment the rate should have been hundred units instead of one unit. Of course they can say that they have amended only the entry and not the heading! ‘COPY and Paste CALAMITY'
Babus can be careless - the Minister will defend them in Parliament.
Notification No. , Dated: December 17, 2014