Rate of exchange of conversion of each of the foreign currency with effect from 1st March, 2012

Last updated: 01 March 2012

Notice Date : 27 February 2012

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE AND CUSTOMS

NOTIFICATION NO.14/2012-CUSTOMS (N.T.)

DATED THE 27^th February, 2012

8 Phalguna, 1933(SAKA)

S.O. (E). – 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 Government of India in the Ministry of Finance (Department of Revenue) No.9/2012-CUSTOMS (N.T.), dated the 30^th January, 2012 vide number S.O. 189 (E), dated the 30^th January, 2012, 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 1^st March, 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	53.25	52.00
2.	Canadian Dollar	49.80	48.50
3.	Danish Kroner	8.95	8.70
4.	EURO	66.35	64.75
5.	Hong Kong Dollar	6.40	6.25
6.	Norwegian Kroner	8.85	8.60
7.	Pound Sterling	78.05	76.30
8.	Swedish Kroner	7.50	7.30
9.	Swiss Franc	55.05	53.70
10.	Singapore Dollar	39.55	38.65
11.	US Dollar	49.40	48.60

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	61.85	60.25