Press Information Bureau
Government of India
Ministry of Finance
16-March-2017 16:23 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 No.14/2017-CUSTOMS (N.T.), dated 2nd March, 2017, 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 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 17th March, 2017, 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 | 51.10 | 49.35 |
2. | Bahrain Dinar | 179.50 | 167.40 |
3. | Canadian Dollar | 49.85 | 48.30 |
4. | Chinese Yuan | 9.65 | 9.30 |
5. | Danish Kroner | 9.60 | 9.25 |
6. | EURO | 71.30 | 68.85 |
7. | Hong Kong Dollar | 8.55 | 8.30 |
8. | Kuwait Dinar | 221.10 | 206.80 |
9. | New Zealand Dollar | 46.50 | 44.85 |
10. | Norwegian Kroner | 7.80 | 7.55 |
11. | Pound Sterling | 81.55 | 78.85 |
12. | Qatari Riyal | 18.55 | 17.55 |
13. | Saudi Arabian Riyal | 18.00 | 16.85 |
14. | Singapore Dollar | 47.20 | 45.75 |
15. | South African Rand | 5.25 | 4.90 |
16. | Swedish Kroner | 7.50 | 7.25 |
17. | Swiss Franc | 66.50 | 64.20 |
18. | UAE Dirham | 18.40 | 17.20 |
19. | US Dollar | 66.20 | 64.50 |
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 | 58.55 | 56.65 |
2. | Kenya Shilling | 65.75 | 61.45 |
*****
DSM/VKS/KA
Exchange rate determination for customs: notified rates for specified foreign currencies for import and export conversion. The Central Board of Excise and Customs, under section 14 of the Customs Act, 1962, notifies specific
rate of exchange conversions for listed foreign currencies to be used for imported and export goods valuation, superseding the prior notification and declaring the rates in two schedules (per unit and per 100 units) effective from 17 March 2017.
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