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N62 EXCISE LAW TIMES [ Vol. 372

and has confirmed the Preliminary Findings issued vide Notification No.
22/4/2019, dated the 26th August, 2019 and recommend that :-
(a) bilateral safeguard duty may be imposed on imports of subject
goods from the subject country in the form and manner described in
the Preliminary findings issued vide Notification No. 22/4/2019
dated the 26th August, 2019 under the CECA on the import of “Re-
fined Bleached Deodorised Palm Oil” and “Refined Bleached Deo-
dorised Palmolein” for a period of 180 days from the date of imposi-
tion of the provisional duty by the Central Government issued vide
Notification No. 29/2019-Customs, dated the 4th September, 2019.
(b) in view of the above conclusions, no further extension of bilateral
safeguard duty is required.
Now, therefore, in exercise of the powers conferred by sub-section (1) of
section 25 of the Customs Act, 1962 (52 of 1962) read with rule 9 of the said Rules,
the Central Government, after considering the aforesaid final findings of the des-
ignated authority, hereby confirms the imposition of bilateral safeguard duty on
the subject goods falling under tariff item [1511 90 10] or tariff item [1511 90 20]
of the First Schedule to the Customs Tariff Act, originating in Malaysia and im-
ported under India-Malaysia Comprehensive Economic Cooperation Agreement
for a period of 180 days from the date of initial imposition of such duty (i.e. the
4th of September 2019), and was notified vide notification of the Government of
India in the Ministry of Finance (Department of Revenue), No. 29/2019-Cus.,
dated 4th September 2019, published in the Gazette of India, Extraordinary, Part
II, Section 3, Sub-section (i), vide number G.S.R. 632(E), dated the 4th September
2019.
[Notification No. 22/2020-Cus., dated 12-5-2020]
Exchange rates for import and export of goods
[Substitute at page 4.236 of 63rd Edition of Customs Law Manual, Vol. 1, 2020-21]
In exercise of the powers conferred by section 14 of the Customs Act,
1962 (52 of 1962), and in supersession of the Notification No. 39/2020-Customs
(N.T.), dated 16th April, 2020 except as respects things done or omitted to be
done before such supersession, the Central Board of Indirect Taxes and Customs
hereby determines that the rate of exchange of conversion of each of the foreign
currencies specified in column (2) of each of Schedule I and Schedule II annexed
hereto, into Indian currency or vice versa, shall, with effect from 7th May, 2020, 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

Sl. Foreign Currency Rate of exchange of one unit of foreign
No. currency equivalent to Indian rupees

(1) (2) (3)
(a) (b)
(For Imported (For Exported
Goods) Goods)
1. Australian Dollar 49.95 47.75
2. Bahraini Dinar 207.20 194.20

EXCISE LAW TIMES  15th May 2020  66