2017-02-16

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(CBEC) No.09/2017-CUSTOMS (N.T.), dated 2nd February, 2017, 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 17th February, 2017, 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

52.60

50.80

2.

Bahrain Dinar

184.05

171.75

3.

Canadian Dollar

52.10

50.50

4.

Danish Kroner

9.75

9.40

5.

EURO

72.45

69.95

6.

Hong Kong Dollar

8.75

8.50

7.

Kuwait Dinar

226.90

212.30

8.

New Zealand Dollar

49.35

47.50

9.

Norwegian Kroner

8.20

7.90

10.

Pound Sterling

85.00

82.05

11.

Singapore Dollar

47.95

46.50

12.

South African Rand

5.35

5.00

13.

Saudi Arabian Riyal

18.45

17.30

14.

Swedish Kroner

7.65

7.40

15.

Swiss Franc

67.85

65.70

16.

UAE Dirham

18.85

17.65

17.

US Dollar

67.85

66.15

18.

Chinese Yuan

9.95

9.60

19.

Qatari Riyal

18.95

17.90

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

59.85

57.90

2.

Kenya Shilling

66.90

62.55

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