Exchange Rate of Foreign Currency relating To Imported and Export Goods notified

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 Central Board of Excise and Customs No.29/2016-CUSTOMS (N.T.), dated 18^th February, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and  Customs(CBEC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and  Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 04^th March, 2016, 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 

Sl.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	49.95	48.55
2.	Bahrain Dinar	184.35	173.70
3.	Canadian Dollar	50. 85	49.80
4.	Danish Kroner	9.95	9.70
5.	EURO	74.10	72.30
6.	Hong Kong Dollar	8.75	8.60
7.	Kuwait Dinar	230.75	218.05
8.	New Zealand Dollar	45.70	44.35
9.	Norwegian Kroner	7.90	7.70
10.	Pound Sterling	96.05	93.90
11.	Singapore Dollar	48.90	47.90
12.	South African Rand	4.45	4.20
13.	Saudi Arabian Riyal	18.50	17.50
14.	Swedish Kroner	7.95	7.75
15.	Swiss Franc	68.50	66.80
16.	UAE Dirham	18.90	17.85
17.	US Dollar	68.00	66.95
18.	Chinese Yuan	10.45	10.20

SCHEDULE-II 

Sl.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	59.90	58.55
2.	Kenya Shilling	68.40	64.65

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DSM/KA
(Release ID :137305)