Saturday, 3 May 2014

CBEC Issues Rate of Exchange of Foreign Currency to Indian Rupees

S.O.       (E). – 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.32/2014-CUSTOMS (N.T.), dated the 17th April, 2014 vide number S.O.1105 (E), dated the 17th April, 2014, 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 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 2nd May, 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
56.75
55.35
2.
Bahrain Dinar
164.70
155.65
3.
Canadian Dollar               
55.70
54.40
4.
Danish Kroner
11.35
11.00
5.
EURO
84.30
82.30
6.
Hong Kong Dollar
7.85
7.70
7.
Kuwait Dinar
220.85
208.40
8.
New Zealand Dollar
52.35
51.05
9.
Norwegian Kroner
10.20
9.90
10.
Pound Sterling
102.70
100.40
11.
Singapore Dollar
48.60
47.50
12.
South African Rand
5.90
5.55
13.
Saudi Arabian Riyal
16.55
15.65
14.
Swedish Kroner
9.35
9.05
15.
Swiss Franc
69.15
67.45
16.
UAE Dirham
16.90
16.00
17.
US Dollar
60.85
59.85

                                                              

 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
59.70
58.25
2.
Kenya Shilling
71.55
67.55

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