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 Central Board of Excise & Customs No.63/2015-CUSTOMS (N.T.), dated 18th June, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies 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 July, 2015, 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
Sl.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 | 49.45 | 48.05 |
2. | Bahrain Dinar | 173.85 | 164.35 |
3. | Canadian Dollar | 51.20 | 50.05 |
4. | Danish Kroner | 9.60 | 9.30 |
5. | EURO | 71.45 | 69.70 |
6. | Hong Kong Dollar | 8.30 | 8.15 |
7. | Kuwait Dinar | 216.80 | 204.55 |
8. | New Zealand Dollar | 43.35 | 42.20 |
9. | Norwegian Kroner | 8.15 | 7.95 |
10. | Pound Sterling | 100.70 | 98.45 |
11. | Singapore Dollar | 47.65 | 46.65 |
12. | South African Rand | 5.35 | 5.05 |
13. | Saudi Arabian Riyal | 17.50 | 16.50 |
14. | Swedish Kroner | 7.70 | 7.50 |
15. | Swiss Franc | 68.15 | 66.55 |
16. | UAE Dirham | 17.85 | 16.85 |
17. | US Dollar | 64.25 | 63.20 |
SCHEDULE-II
Sl.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 | 52.25 | 51.05 |
2. | Kenya Shilling | 66.00 | 62.35 |
Exchange rate determination for customs: specified foreign currency rates set for import and export valuation, effective immediately. The Central Board fixes exchange rates for specified foreign currencies for customs valuation, superseding a prior notification and applying from 3rd July, 2015; Schedule I provides per unit import and export rates, while Schedule II provides rates per one hundred units, with distinct figures for imported and export goods.
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