image

Customs Notification on Changes in Currency Exchange rates

[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. 40/2013-Customs (N.T.)

Dated the 18th April, 2013

28 Chaitra, 1935(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.35/2013-CUSTOMS (N.T.), dated the 4th April, 2013 vide number S.O.925 (E), dated the 4th April, 2013, 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 19th April, 2013 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

56.70

55.15

2.

Bahrain Dinar

147.50

139.20

3.

Canadian Dollar

53.55

52.10

4.

Danish Kroner

9.70

9.40

5.

EURO

72.10

70.25

6.

Hong Kong Dollar

7.05

6.90

7.

Kenya Shilling

66.35

62.25

8.

Kuwait Dinar

195.60

184.25

9.

New Zealand Dollar

46.35

45.10

10.

Norwegian Kroner

9.60

9.25

11.

Pound Sterling

83.95

81.90

12.

Singapore Dollar

44.30

43.25

13.

South African Rand

6.10

5.75

14.

Saudi Arabian Riyal

14.85

14.00

15.

Swedish Kroner

8.60

8.35

16.

Swiss Franc

59.25

57.70

17.

UAE Dirham

15.15

14.30

18.

US Dollar

54.50

53.55

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

55.75

             54.30

[F.No.468/03/2013-Cus.V]

(ABHINAV GUPTA)

UNDER SECRETARY TO THE GOVERNMENT OF INDIA

TELE: 2309 4610

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates