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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified

By Industrial News 04/06/2016 02:37:00

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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 (CBEC) No.77/2016-CUSTOMS (N.T.), dated 19th May, 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 3rd June, 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

SI NO	Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(For Imported Goods)	(For Export Goods)
		A	B
01.	Australian Dollar	49.70	47.95
02	Bahrain Dinar	185.25	172.90
03	Canadian Dollar	52.45	50.75
04	Danish Kroner	10.35	9.95
05	EURO	76.85	74.30
06	Hong Kong Dollar	8.80	8.55
07	Kuwait Dinar	230.70	215.90
08	New Zealand Dollar	46.95	45.15
09	Norwegian Kroner	8.30	8.00
10	Pound Sterling	98.90	95.75
11	Singapore Dollar	49.85	48.30
12	South African Rand	4.45	4.20
13	Saudi Arabian Riyal	18.60	17.40
14	Swedish Kroner	8.30	8.00
15	Swiss Franc	69.55	67.10
16	UAE Dirham	19.00	17.80
17	US Dollar	68.30	66.60
18	Chinese Yuan	10.45	10.10

schedule II

SI NO	Foreign Currency	Rate of exchange of 100 unit of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(For Imported Goods)	(For Export Goods)
		A	B
01.	Japanese Yen	62.90	60.90
02	Kenya Shilling	69.15	64.65