Exchange Rate of Foreign Currency Relating to Import & Export Goods Notified

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.106/2016-CUSTOMS (N.T.), dated 4th August, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and  Customs (CBEC) 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 19th  August, 2016, 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.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 52.50 50.55
2. Bahrain Dinar 183.75 171.45
3. Canadian Dollar 52.95 51.30
4. Danish Kroner 10.35 9.95
5. EURO 76.90 74.30
6. Hong Kong Dollar 8.75 8.50
7. Kuwait Dinar 229.50 214.70
8. New Zealand Dollar 49.65 47.90
9. Norwegian Kroner 8.30 8.00
10. Pound Sterling 88.75 85.90
11. Singapore Dollar 50.75 49.10
12. South African Rand 5.20 4.85
13. Saudi Arabian Riyal 18.45 17.25
14. Swedish Kroner 8.10 7.80
15. Swiss Franc 70.75 68.45
16. UAE Dirham 18.80 17.65
17. US Dollar 67.75 66.05
18. Chinese Yuan 10.25 9.95

                                                                             SCHEDULE-II

                                                                                      Sl.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)     (2) (3)
(a) (b)
    (For Imported Goods)   (For Export Goods)
1. Japanese Yen 68.10 65.80
2. Kenya Shilling 68.20 63.75

Leave a Reply

Your email address will not be published. Required fields are marked *