Thursday, 6 July 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 No.53/2017-CUSTOMS (N.T.), dated 15th June, 2017, 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 7th July, 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
50.20
48.30
2.
Bahrain Dinar
177.70
166.05
3.
Canadian Dollar               
50.80
49.10
4.
Chinese Yuan
9.70
9.35
5.
Danish Kroner
10.05
9.70
6.
EURO
74.65
72.25
7.
Hong Kong Dollar
8.40
8.20
8.
Kuwait Dinar
221.10
206.55
9.
New Zealand Dollar
48.10
46.20
10.
Norwegian Kroner
7.85
7.55
11.
Pound Sterling
85.35
82.50
12.
Qatari Riyal
18.10
17.00
13.
Saudi Arabian Riyal
17.85
16.70
14.
Singapore Dollar
47.65
46.20
15.
South African Rand
5.00
4.65
16.
Swedish Kroner
7.75
7.50
17.
Swiss Franc
68.40
65.95
18.
UAE Dirham
18.25
17.05
19.
US Dollar
65.65
63.95


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
58.30
56.35
2.
Kenya Shilling
64.65
60.40


Courtesy: pib.nic.in

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