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Rate of exchange of conversion of the foreign currency with effect from 20th May, 2016

GOVERNMENT INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)

Notification No.77/2016 – Customs (N.T.)

New Delhi, dated the 19th May, 2016
29 Vaisakha, 1938 (SAKA)

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.64/2016-CUSTOMS (N.T.), dated 05th May, 2016, 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 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 20th May, 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 Exported Goods)
1  Australian Dollar 49.35 47.6
2  Bahrain Dinar 184.5 172.5
3  Canadian Dollar 52.25 50.65
4  Danish Kroner 10.35 9.95
5  EURO 76.7 74.15
6  Hong Kong Dollar 8.75 8.55
7  Kuwait Dinar 230.15 215.35
8  New Zealand Dollar 46.1 44.45
9  Norwegian Kroner 8.2 7.9
10  Pound Sterling 99.5 96.35
11  Singapore Dollar 49.4 47.9
12  South African Rand 4.35 4.1
13  Saudi Arabian Riyal 18.5 17.35
14  Swedish Kroner 8.2 7.9
15  Swiss Franc 69.25 66.85
16  UAE Dirham 18.9 17.7
17  US Dollar 68.05 66.35
18  Chinese Yuan 10.45 10.1

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 Exported Goods)
1 Japanese Yen 62.1 60.1
2 Kenya Shilling 68.75 64.3

[F.No.468/01/2016-Cus.V]

(Satyajit Mohanty)
Director (ICD)
TELE: 011-23093380

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