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Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified

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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 No.124/2016-CUSTOMS (N.T.), dated 06th October, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and  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 21st October, 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
52.20
50.40
2.
Bahrain Dinar
183.20
170.95
3.
Canadian Dollar               
51.60
50.00
4.
Danish Kroner
10.05
9.65
5.
EURO
74.50
72.00
6.
Hong Kong Dollar
8.70
8.50
7.
Kuwait Dinar
227.90
213.25
8.
New Zealand Dollar
49.35
47.45
9.
Norwegian Kroner
8.35
8.05
10.
Pound Sterling
83.45
80.70
11.
Singapore Dollar
48.90
47.30
12.
South African Rand
5.00
4.65
13.
Saudi Arabian Riyal
18.40
17.20
14.
Swedish Kroner
7.70
7.40
15.
Swiss Franc
68.60
66.40
16.
UAE Dirham
18.75
17.60
17.
US Dollar
67.55
65.90
18.

Chinese Yuan
10.05
9.75
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
65.55
63.35
2.
Kenya Shilling
68.05
63.65
********* 

Date for seeking comments from stakeholders and public on the Draft Financial Resolution and Deposit Insurance(FRDI) Bill extended till 31st October, 2016.
The Government of India had invited stakeholder/public comments on the Draft Financial Resolution and Deposit Insurance(FRDI) Bill, 2016 from 28.9.2016 to 14.10.2016

A Committee was set up pursuant to the Budget Announcement of 2016-17 on framing a draft code on resolution of financial firms. A copy each of the Report of the Committee, the Draft Bill and an explanatory note explaining the key legal provisions of the Bill is hosted on the home page of the Ministry of Finance at www.finmin.nic.in.

A number of requests have been received from stakeholders and institutions of repute for extending the time-line for providing comments on the draft Bill. The time line for receiving comments on the Draft Bill is accordingly extended till 31.10.2016.

All stakeholders concerned/public are requested to forward comments/suggestions that they may wish to submit on the Draft Bill by 31st October 2016 by e-mail to parveen.k63@gov.in or in hard copy to Shri Parveen Kumar, Under Secretary (FSLRC), Department of Economic Affairs, Ministry of Finance, Room No. 48, North Block, New Delhi-110001. The decision of the Government with respect to the Report and the Draft Bill will be taken later after receipt of public / stakeholders comments and after following due procedure thereafter

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