CBEC notifies Exchange Rate of Foreign Currency Relating to Imported 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(CBEC) No.1/2017-CUSTOMS (N.T.), dated 05^th January, 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 20^th January, 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	52.35	50.40
2.	Bahrain Dinar	187.35	174.90
3.	Canadian Dollar	52.25	50.70
4.	Danish Kroner	9.95	9.60
5.	EURO	73.75	71.45
6.	Hong Kong Dollar	8.90	8.70
7.	Kuwait Dinar	230.85	216.20
8.	New Zealand Dollar	49.55	47.85
9.	Norwegian Kroner	8.20	7.90
10.	Pound Sterling	85.15	82.40
11.	Singapore Dollar	48.55	47.05
12.	South African Rand	5.20	4.85
13.	Saudi Arabian Riyal	18.80	17.60
14.	Swedish Kroner	7.75	7.50
15.	Swiss Franc	68.90	66.55
16.	UAE Dirham	19.20	18.00
17.	US Dollar	69.10	67.40
18.	Chinese Yuan	10.10	9.80
19.	Qatari Riyal	19.20	18.15

                                                          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	60.55	58.60
2.	Kenya Shilling	67.90	63.55