SCHEDULE-I

By Vijay Kumar

Sl.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.	Australian Dollar	47.70	46.50
2.	Bahrain Dinar	182.95	172.40
3.	Canadian Dollar	48. 00	46.95
4.	Danish Kroner	9.85	9.55
5.	EURO	73.35	71.55
6.	Hong Kong Dollar	8.70	8.55
7.	Kuwait Dinar	226.45	213.95
8.	New Zealand Dollar	45.00	43.80
9.	Norwegian Kroner	7.60	7.40
10.	Pound Sterling	98.95	96.80
11.	Singapore Dollar	47.15	46.10
12.	South African Rand	4.30	4.10
13.	Saudi Arabian Riyal	18.35	17.35
14.	Swedish Kroner	7.90	7.70
15.	Swiss Franc	67.60	65.90
16.	UAE Dirham	18.75	17.70
17.	US Dollar	67.45	66.40
18.	Chinese Yuan	10.25	10.05

Now they want to amend Sl. No. 12 (South African Rand) of the above schedule, but by mistake they have amended Sl. No. 9 of the Schedule.

This is not a small mistake. Now what happens is there is no exchange rate for Norwegian Kroner as Sl. No. 9 is replaced by Sl. No. 12 - South African Rand. Rand will have two sets of exchange rates. Utter confusion for importers, exporters and Customs Officers. And imagine what impression we are presenting before World Trade; that we cannot amend properly a simple exchange rate notification. All because some careless babu wrote 9 for 12 and it got the sanction of LAW.

Strangely the Hindi version is correct. It reads as

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So, the Hindi version substitutes Sl. No 12 and the English Version substitutes Sl. No. 9.Unfortunately, people in Norway and South Africa don't know much of Hindi.

As if this is not enough, the Sl. No. of the Notification is 12/2016. The previous Notification issued by the Government was 3/2016. What happened to 8 notifications in between? God Knows; Board knows.

Notification No. , Dated: January 12, 2016