Exchange Rate of Foreign Currency Relating to Imports

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session 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 super session, 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 .

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