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Notification No.88 / 2011 – Customs – Exchange Rates from 1st Jan, 2012

TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No.88 / 2011 – Customs (N.T.)

Dated the 28th December, 2011

7 Pausha, 1933(SAKA)

            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.82/2011-CUSTOMS (N.T.), dated the 28th November, 2011 vide number S.O. 2684(E), dated the 28th November, 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 January, 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

54.30

53.10

2.

Canadian Dollar

52.35

51.15

3.

Danish Kroner

9.40

9.15

4.

EURO

69.90

68.30

5.

Hong Kong Dollar

6.85

6.75

6.

Norwegian Kroner

9.00

8.70

7.

Pound Sterling

83.45

81.65

8.

Swedish Kroner

7.80

7.55

9.

Swiss Franc

57.10

55.80

10.

Singapore Dollar

41.30

40.35

11.

US Dollar

53.25

52.45

 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

68.65

       66.90
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