Rate of exchange of conversion of each of the foreign currency with effect from 1st December, 2011

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No.82/2011 – Customs (N.T.)

            S.O.       (E). 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 Government of India in the Ministry of Finance (Department of Revenue) No.74/2011-CUSTOMS (N.T.), dated the 27th October, 2011vide number S.O.2444 (E), dated the 27th October, 2011, 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 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 1st December, 2011 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

51.30

49.95

2.

Canadian Dollar

50.35

49.20

3.

Danish Kroner

9.50

9.20

4.

EURO

70.20

68.60

5.

Hong Kong Dollar

6.75

6.65

6.

Norwegian Kroner

9.00

8.70

7.

Pound Sterling

81.65

79.85

8.

Swedish Kroner

7.60

7.40

9.

Swiss Franc

57.30

55.95

10.

Singapore Dollar

40.20

39.35

11.

US Dollar

52.60

51.75

                        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

68.30

       66.55

[F.No.468/14/2011-Cus.V]

(ABHINAV GUPTA)

UNDER SECRETARY TO THE GOVT. OF INDIA

TELE: 2309 4610

profile image

About Shantanu

Shantanu

eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates