Saturday 21 July 2012

Exchange Rates Relating to Imported and Export Goods Notified

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 Government of India in the Ministry of Finance (Department of Revenue) No.56/2012-CUSTOMS (N.T.), dated the 5th July, 2012 videnumber S.O. 1504 (E), dated the 5th  July, 2012, 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 currency specified in column (2) of each of Schedule I and  Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 20th July, 2012, 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
S.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
57.40
56.05
2.
Bahrain Dinar
150.15
142.15
3.
Canadian Dollar               
55.05
53.70
4.
Danish Kroner
9.20
8.95
5.
EURO
68.40
66.80
6.
Hong Kong Dollar
7.15
7.05
7.
Kenya Shilling
67.30
63.35
8.
Kuwait Dinar
201.30
189.85
9.
Newzeland Dollar
44.40
43.30
10.
Norwegian Kroner
9.20
8.90
11.
Pound Sterling
87.10
85.25
-:2:-

12.
Singapore Dollar
44.20
43.20
13.
South African Rand
6.95
6.55
14.
Saudi Arabian Riyal
15.10
14.30
15.
Swedish Kroner
8.05
7.80
16.
Swiss Franc
57.05
55.65
17.
UAE Dirham
15.40
14.60
18.
US Dollar
55.50
54.65

                                                              

 SCHEDULE-II
                       
S.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
70.55
             68.80

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