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 and Customs (CBEC) No.41/2016-CUSTOMS (N.T.), dated 17th March, 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 08th April, 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
51.60
49.70
2.
Bahrain Dinar
182.65
171.10
3.
Canadian Dollar 
51. 80
50.15
4.
Danish Kroner
10.40
10.00
5.
EURO
77.25
74.70
6.
Hong Kong Dollar
8.70
8.45
7.
Kuwait Dinar
228.30
213.70
8.
New Zealand Dollar
46.40
44.60
9.
Norwegian Kroner
8.15
7.85
10.
Pound Sterling
95.65
92.60
11.
Singapore Dollar
50.10
48.55
12.
South African Rand
4.55
4.25
13.
Saudi Arabian Riyal
18.35
17.20
14.
Swedish Kroner
8.30
8.05
15.
Swiss Franc
70.85
68.55
16.
UAE Dirham
18.75
17.55
17.
US Dollar
67.50
65.80
18.
Chinese Yuan
10.45
10.15



 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
62.05
60.05
2.
Kenya Shilling
67.95
63.55

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