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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.67/2012-CUSTOMS (N.T.), dated the 1st August, 2012 vide number S.O.1730 (E), dated the 1st August, 2012, except as respects things done or omitted to be done before such super session, 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 16th August, 2012 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

59.05

57.75

2.

Bahrain Dinar

151.45

143.35

3.

Canadian Dollar               

56.65

55.25

4.

Danish Kroner

9.35

9.05

5.

EURO

69.40

67.80

6.

Hong KongDollar

7.20

7.10

7.

Kenya Shilling

68.25

64.30

8.

Kuwait Dinar

202.45

191.30

9.

New ZealandDollar

45.60

44.40

10.

Norwegian Kroner

9.50

9.20

11.

Pound Sterling

88.10

86.30

         
 

12.

Singapore Dollar

45.10

44.10

13.

South AfricanRand

7.00

6.60

14.

Saudi Arabian Riyal

15.25

14.40

15.

Swedish Kroner

8.40

8.15

16.

Swiss Franc

57.70

56.40

17.

UAE Dirham

15.55

14.70

18.

US Dollar

55.95

55.15

 

 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

71.75

             69.95

 


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