CBEC determines the rate of exchange of conversion of the foreign currency for import- export goods

[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.56/2012 – Customs (N.T.)

 Dated the 5th July, 2012

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.52/2012-CUSTOMS (N.T.), dated the 21st June, 2012 vide number S.O.1394 (E), dated the 21st June, 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 6th July, 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

56.65

55.40

2.

Bahrain Dinar

148.55

140.60

3.

Canadian Dollar               

54.35

53.15

4.

Danish Kroner

9.35

9.10

5.

EURO

69.30

67.70

6.

Hong Kong Dollar

7.10

6.95

7.

Kenya Shilling

66.85

62.85

8.

Kuwait Dinar

200.05

189.00

9.

Newzeland Dollar

44.30

43.25

10.

Norwegian Kroner

9.25

9.00

11.

Pound Sterling

86.30

84.45

12.

Singapore Dollar

43.65

42.65

13.

South African Rand

6.95

6.55

14.

Saudi Arabian Riyal

14.95

14.15

15.

Swedish Kroner

7.95

7.75

16.

Swiss Franc

57.75

56.45

17.

UAE Dirham

15.25

14.45

18.

US Dollar

54.90

54.05

 

 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

69.15

             67.40

 [F.No.468/13/2012-Cus.V]

 (ABHINAV GUPTA)

UNDER SECRETARY TO THE GOVT. OF INDIA

TELE: 2309 4610

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