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.40/2013-CUSTOMS (N.T.), dated the 18th April, 2013 vide number S.O.993 (E), dated the 18th April, 2013, 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 3rd May, 2013 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 | 56.85 | 55.30 |
2. | Bahrain Dinar | 147.95 | 139.60 |
3. | Canadian Dollar | 54.25 | 52.90 |
4. | Danish Kroner | 9.65 | 9.35 |
5. | EURO | 71.90 | 70.05 |
6. | Hong Kong Dollar | 7.05 | 6.90 |
7. | Kenya Shilling | 66.80 | 62.65 |
8. | Kuwait Dinar | 196.20 | 184.80 |
9. | New Zealand Dollar | 47.00 | 45.75 |
10. | Norwegian Kroner | 9.45 | 9.15 |
11. | Pound Sterling | 84.85 | 82.95 |
12. | Singapore Dollar | 44.45 | 43.40 |
13. | South African Rand | 6.20 | 5.85 |
14. | Saudi Arabian Riyal | 14.85 | 14.05 |
15. | Swedish Kroner | 8.40 | 8.15 |
16. | Swiss Franc | 58.60 | 56.95 |
17. | UAE Dirham | 15.20 | 14.35 |
18. | US Dollar | 54.65 | 53.70 |
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 | 56.05 | 54.60 |
DSM/RS/ka
(Release ID :95455)
Exchange rate determination for customs conversions sets distinct import and export conversion rates for specified foreign currencies. Determination of
rate of exchange for conversion between specified foreign currencies and Indian rupees has been prescribed under section 14 of the Customs Act, 1962, superseding the earlier notification and fixing distinct conversion rates for imported and export goods. The rates take effect from 3rd May, 2013 and are implemented through two schedules: Schedule I setting per-unit exchange rates with separate import and export columns, and Schedule II providing a per-100-unit rate for Japanese Yen.
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