Business Other News 12 Jul 2016 CBEC orders Indian p ...

CBEC orders Indian price to be shown

DECCAN CHRONICLE.
Published Jul 12, 2016, 1:46 am IST
Updated Jul 12, 2016, 1:46 am IST
This issue was discussed during the course of consultations with Duty Free Shop operators, said the circular.
Central Board of Customs and Excise logo
 Central Board of Customs and Excise logo

New Delhi: The Central Board of Excise and Customs said that it has got representations from travellers that duty-free shops neither display prices in Indian Rupees nor display India-made goods at duty free shops, which depreciates the visibility of Indian-manufactured products and Indian currency.

“This issue was discussed during the course of consultations with Duty Free Shop operators... they were requested to display prices of goods in Indian currency alongside of international currencies,” said the circular.

 

The circular said that it was also suggested that as a measure of transparency and fair practice, they should display the rate of exchange published by the commercial banks for conversion of foreign currency or the rate of exchange notified by the CBEC on a fortnightly basis for import and export of goods.

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