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Press Information Bureau
Government of India
Ministry of Finance
18-February-2016 19:17 IST
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 Central Board of Excise and Customs(CBEC) No.18/2016-CUSTOMS (N.T.), dated 4th February, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs (CBEC) 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 19th February, 2016, 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 | 49.65 | 48.40 | |
2. | Bahrain Dinar | 186.90 | 176.20 | |
3. | Canadian Dollar | 50.60 | 49.55 | |
4. | Danish Kroner | 10.35 | 10.05 | |
5. | EURO | 77.05 | 75.20 | |
6. | Hong Kong Dollar | 8.85 | 8.70 | |
7. | Kuwait Dinar | 235.15 | 222.45 | |
8. | New Zealand Dollar | 46.20 | 45.00 | |
9. | Norwegian Kroner | 8.10 | 7.90 | |
10. | Pound Sterling | 98.95 | 96.75 | |
11. | Singapore Dollar | 49.25 | 48.25 | |
12. | South African Rand | 4.55 | 4.30 | |
13. | Saudi Arabian Riyal | 18.75 | 17.75 | |
14. | Swedish Kroner | 8.15 | 7.95 | |
15. | Swiss Franc | 69.80 | 68.05 | |
16. | UAE Dirham | 19.15 | 18.10 | |
17. | US Dollar | 68.95 | 67.90 | |
18. | Chinese Yuan | 10.60 | 10.40 | |
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 | 60.70 | 59.35 | |
2. | Kenya Shilling | 69.15 | 65.35 | |
*****
DSM/MAM/KA
Exchange Rate Determination for foreign currencies: specified import and export conversion rates now apply to customs valuation. The Central Board of Excise and Customs, under section 14 of the Customs Act, prescribes specific conversion rates for listed foreign currencies into Indian rupees (and vice versa) for valuation of imported and export goods, superseding the prior CBEC notification, with the operative rates set out in two annexed schedules that distinguish rates for imported goods and for export goods. of Press 'Enter' after typing page number.
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