Press Information Bureau
Government of India
Ministry of Finance

21-September-2012 15:55 IST

Rate of Exchange of Conversion of Foreign Currency into Indian Currency or Vice Versa Relating to Imported and Export Goods Notified; to come into effect from today

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.80/2012-CUSTOMS (N.T.), dated the 6^th September, 2012 vide number S.O. 2040 (E), dated the 6^th September, 2012, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs (CBEC) 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 21^st September, 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	57.20	55.95
2.	Bahrain Dinar	148.15	140.20
3.	Canadian Dollar	56.30	54.85
4.	Danish Kroner	9.60	9.35
5.	EURO	71.40	69.80
6.	Hong Kong Dollar	7.05	6.95
7.	Kenya Shilling	65.95	62.20
8.	Kuwait Dinar	199.10	188.20
9.	New Zealand Dollar	45.45	44.35
10.	Norwegian Kroner	9.65	9.35
11.	Pound Sterling	88.95	87.05
12.	Singapore Dollar	44.85	43.85
13.	South African Rand	6.75	6.35
14.	Saudi Arabian Riyal	14.90	14.10
15.	Swedish Kroner	8.45	8.20
16.	Swiss Franc	59.15	57.65
17.	UAE Dirham	15.20	14.40
18.	US Dollar	54.75	53.90

                                                       

 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	70.30	68.50

DSM/RS                                 

Exchange rate notification fixes conversion rates for customs valuation of imports and exports, effective from the stated date. Notification prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for imported and export goods, effective 21 September 2012, superseding the earlier 6 September 2012 notification; Schedule I lists per unit rupee equivalents with separate import and export columns and Schedule II provides the rupee equivalent for one hundred units of Japanese yen, the rates to be applied for customs valuation and related purposes.