Friday, 2 June 2017

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.49/2017-CUSTOMS (N.T.), dated 18th May, 2017, 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 2nd June, 2017, 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
48.55
46.80
2.
Bahrain Dinar
177.25
165.25
3.
Canadian Dollar               
48.60
47.00
4.
Chinese Yuan
9.65
9.35
5.
Danish Kroner
9.95
9.55
6.
EURO
73.85
71.30
7.
Hong Kong Dollar
8.40
8.15
8.
Kuwait Dinar
219.95
205.60
9.
New Zealand Dollar
46.55
44.75
10.
Norwegian Kroner
7.80
7.50
11.
Pound Sterling
84.50
81.65
12.
Qatari Riyal
18.25
17.25
13.
Saudi Arabian Riyal
17.80
16.65
14.
Singapore Dollar
47.35
45.90
15.
South African Rand
5.10
4.75
16.
Swedish Kroner
7.55
7.30
17.
Swiss Franc
67.75
65.50
18.
UAE Dirham
18.15
17.00
19.
US Dollar
65.35
63.70

                                                                                                                               
 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
59.20
57.20
2.
Kenya Shilling
64.65
60.40



Courtesy: pib.nic.in

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