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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified



Exchange Rate of Foreign Currency 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 supersession of the notification of the Central Board of Excise & Customs No.02/2016-CUSTOMS (N.T.), dated 07th January, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & 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 22nd  January, 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
47.70
46.30
2.
Bahrain Dinar
185.45
174.80
3.
Canadian Dollar 
47. 35
46.35
4.
Danish Kroner
10.05
9.75
5.
EURO
74.70
72.90
6.
Hong Kong Dollar
8.75
8.60
7.
Kuwait Dinar
229.20
216.60
8.
New Zealand Dollar
44.30
43.10
9.
Norwegian Kroner
7.75
7.55
10.
Pound Sterling
97.30
95.15
11.
Singapore Dollar
47.65
46.70
12.
South African Rand
4.15
3.95
13.
Saudi Arabian Riyal
18.60
17.60
14.
Swedish Kroner
8.00
7.80
15.
Swiss Franc
68.40
66.70
16.
UAE Dirham
19.00
18.00
17.
US Dollar
68.40
67.35
18.
Chinese Yuan
10.45
10.20

 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
58.55
57.25
2.
Kenya Shilling
68.20
64.40



******

 India Signs Financing Agreement with World Bank for US$ 250 Million for Jhelum and Tawi Flood Recovery Project 

The Financing Agreement for World Bank (IDA) assistance of US$ 250 million for Jhelum and Tawi Flood Recovery Project was signed between Government of India and the World Bank here today.

The Financing Agreement was signed by Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Mr. Onno Ruhl, Country Director in India, on behalf of the World Bank. A Subsidiary Agreement was also entered into between Government of India and Project Implementing Entity i.e. Government of Jammu & Kashmir. The Subsidiary Agreement was signed by Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Shri Sandeep Kumar Nayak, Principal Secretary, on behalf of Government of Jammu & Kashmir. Ms. Aparna Bhatia, Director (MI), DEA anchored the ceremony held at North Block, New Delhi. Representatives from State Government and the World Bank, among others, were present.

The objective of the project is to support the recovery and increase disaster resilience in Project Areas and increase the capacity of the Project Implementing Entity to respond promptly and effectively to an eligible crisis or emergency.

The project will focus on restoring critical infrastructure using international best practice on resilient infrastructure. The primary beneficiaries would be the communities in the districts of Jammu & Kashmir that were affected by loss of public service infrastructure that will be restored and improved under the project. By strengthening disaster risk management systems and institutions, the project will benefit the entire affected region.

The project has seven components: (i) Reconstruction and strengthening of critical infrastructure; (ii) Reconstruction of roads and bridges; (iii) Restoration of urban flood management infrastructure; (iv) Restoration and strengthening of livelihoods; (v) Strengthening disaster risk management capacity; (vi) Contingency Emergency Response; and (vii) Implementation Support.

It is a loan for an implementation period of 5 years. Government of Jammu & Kashmir is the implementing agency. 

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