CBEC notifies Exchange Rate of Foreign Currency Relating to Import and Export Goods

By Taxscan Team - On April 20, 2017 5:06 pm - 2 mins read

The Central Board of Excise and Customs (CBEC) has notified exchange rate of Foreign currency relating to Import and Export goods.

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.33/2017-CUSTOMS (N.T.), dated 6^th April, 2017, 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 21^st April, 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	49.50	47.75
2.	Bahrain Dinar	177.75	165.75
3.	Canadian Dollar	48.85	47.20
4.	Chinese Yuan	9.55	9.25
5.	Danish Kroner	9.50	9.15
6.	EURO	70.65	68.20
7.	Hong Kong Dollar	8.45	8.20
8.	Kuwait Dinar	219.65	205.35
9.	New Zealand Dollar	46.40	44.70
10.	Norwegian Kroner	7.70	7.40
11.	Pound Sterling	84.25	81.45
12.	Qatari Riyal	18.25	17.25
13.	Saudi Arabian Riyal	17.85	16.70
14.	Singapore Dollar	47.05	45.55
15.	South African Rand	5.05	4.70
16.	Swedish Kroner	7.35	7.10
17.	Swiss Franc	66.05	63.70
18.	UAE Dirham	18.20	17.05
19.	US Dollar	65.55	63.85

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	60.45	58.40
2.	Kenya Shilling	64.75	60.50

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