Exchange Rate of Foreign Currency

 
 

            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.41/2014-CUSTOMS (N.T.), dated the 15th May, 2014 vide number S.O.1292 (E), dated the 15th May, 2014, 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 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 June, 2014 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

55.80

54.45

2.

Bahrain Dinar

162.00

153.05

3.

Canadian Dollar               

54.90

53.50

4.

Danish Kroner

11.00

10.65

5.

EURO

81.70

79.75

6.

Hong Kong Dollar

7.75

7.60

7.

Kuwait Dinar

216.70

204.45

8.

New Zealand Dollar

50.75

49.45

9.

Norwegian Kroner

10.05

9.75

10.

Pound Sterling

100.55

98.30

11.

Singapore Dollar

47.80

46.60

12.

South African Rand

5.70

5.35

13.

Saudi Arabian Riyal

16.30

15.40

14.

Swedish Kroner

9.05

8.80

15.

Swiss Franc

67.05

65.20

16.

UAE Dirham

16.65

15.70

17.

US Dollar

59.85

58.85

         

 

 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

58.60

57.15

2.

Kenya Shilling

69.85

65.90