Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016

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GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF EXCISE AND CUSTOMS)

Notification No. 127/2016 – Customs (N.T.)

New Delhi, dated the 20 October, 2016

28 Asvina, 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.124/2016-CUSTOMS (N.T.), dated 06th October, 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 21st October, 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 CurrencyRate 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

52.20

50.40

2.

Bahrain Dinar

183.20

170.95

3.

Canadian Dollar

51.60

50.00

4.

Danish Kroner

10.05

9.65

5.

EURO

74.50

72.00

6.

Hong Kong Dollar

8.70

8.50

7.

Kuwait Dinar

227.90

213.25

8.

New Zealand Dollar

49.35

47.45

9.

Norwegian Kroner

8.35

8.05

10.

Pound Sterling

83.45

80.70

11.

Singapore Dollar

48.90

47.30

12.

South African Rand

5.00

4.65

13.

Saudi Arabian Riyal

18.40

17.20

14.

Swedish Kroner

7.70

7.40

15.

Swiss Franc

68.60

66.40

16.

UAE Dirham

18.75

17.60

17.

US Dollar

67.55

65.90

18.

Chinese Yuan

10.05

9.75

 

SCHEDULE-II

Sl.No.Foreign CurrencyRate 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

65.55

63.35

2.

Kenya Shilling

68.05

63.65

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

(Kshitendra Verma)

Under Secretary to the Govt. of India

TELE: 011-2309 5541

Source:cainindia.org

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