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Import-Export Goods: Exchange rate notified

India Infoline News Service/ 12:24 , Dec 07, 2012

With effect from 7th December, 2012 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.

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.99/2012-CUSTOMS (N.T.), dated the 16th November, 2012 vide number S.O.2719(E), dated the 16th November, 2012, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs (CBEC) hereby determines that the rate of exchange of conversion of each of the foreign currency 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 December, 2012 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

S.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 57.90 56.30
2. Bahrain Dinar 148.85 140.45
3. Canadian Dollar  55.70 54.10
4. Danish Kroner 9.75 9.40
5. EURO 72.30 70.50
6. Hong Kong Dollar 7.10 6.95
7. Kenya Shilling 65.50 61.55
8. Kuwait Dinar 199.55 188.15
9. New Zealand Dollar 45.65 44.30
10. Norwegian Kroner 9.85 9.55
11. Pound Sterling 88.80 86.85
12. Singapore Dollar 45.25 44.20
13. South African Rand 6.40 6.00
14. Saudi Arabian Riyal 14.95 14.10
15. Swedish Kroner 8.40 8.15
16. Swiss Franc 59.60 57.95
17. UAE Dirham 15.30 14.40
18. US Dollar 55.00 54.00

   
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 67.20   65.35

 



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