CBEC determines the rate of exchange of conversion of foreign currency

[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.38/2012- Customs (N.T.)

 Dated the 26th April, 2012

6 Vaisakha, 1934(SAKA)

 S.O.       (E). 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.26/2012-CUSTOMS (N.T.), dated the 28th March, 2012 vide number S.O. 625 (E), dated the 28th March, 2012, except as respects things done or omitted to be done before such super session, 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 May, 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

54.95

53.70

2.

Canadian Dollar               

54.05

52.65

3.

Danish Kroner

9.50

9.20

4.

EURO

70.35

68.70

5.

Hong Kong Dollar

6.85

6.75

6.

Norwegian Kroner

9.35

9.05

7.

Pound Sterling

86.00

84.15

8.

Swedish Kroner

7.95

7.70

9.

Swiss Franc

58.50

57.10

10.

Singapore Dollar

42.70

41.80

11.

US Dollar

53.10

52.25

         

 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

65.50

       63.85
         

 [F.No.468/07/2012-Cus.V]                                              

 (abhinav gupta)

Under Secretary to The Govt. of India

Tele: 2309 4610

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