CBIC determines rate of exchange of conversion of foreign currency w.e.f 20th July 2012

Last updated: 19 April 2021

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.56/2012-CUSTOMS (N.T.), dated the 5th July, 2012 vide number S.O. 1504 (E), dated the 5th July, 2012, except as respects things done or omitted to be done before such super session, 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 20th July, 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		57.40		56.05
	2.		Bahrain Dinar		150.15		142.15
	3.		Canadian Dollar		55.05		53.70
	4.		Danish Kroner		9.20		8.95
	5.		EURO		68.40		66.80
	6.		Hong Kong Dollar		7.15		7.05
	7.		Kenya Shilling		67.30		63.35
	8.		Kuwait Dinar		201.30		189.85
	9.		NewzelandDollar		44.40		43.30
	10.		Norwegian Kroner		9.20		8.90
	11.		Pound Sterling		87.10		85.25


12.		Singapore Dollar		44.20		43.20
13.		South African Rand		6.95		6.55
14.		Saudi Arabian Riyal		15.10		14.30
15.		Swedish Kroner		8.05		7.80
16.		Swiss Franc		57.05		55.65
17.		UAE Dirham		15.40		14.60
18.		US Dollar		55.50		54.65

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	70.55	68.80