Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

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 super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.49/2014-CUSTOMS (N.T.), dated the 3rd July, 2014 vide number S.O.1684 (E), dated the 3rd July, 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 18th July, 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 57.05 55.70 2. Bahrain Dinar 164.30 155.25 3. Canadian Dollar                56.75 55.40 4. Danish Kroner 11.10 10.75 5. EURO 82.40 80.45 6. Hong Kong Dollar 7.85 7.70 7. Kuwait Dinar 219.80 207.20 8. New Zealand Dollar 52.95 51.65 9. Norwegian Kroner 9.85 9.55 10. Pound Sterling 104.40 102.10 11. Singapore Dollar 49.05 47.95 12. South African Rand 5.80 5.50 13. Saudi Arabian Riyal 16.50 15.60 14. Swedish Kroner 8.95 8.70 15. Swiss Franc 68.00 66.15 16. UAE Dirham 16.85 15.95 17. US Dollar 60.70 59.70                                                             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 60.05 58.55 2. Kenya Shilling 70.70 66.60 ***** DSM/ka