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Press Information Bureau
Government of India
Ministry of Finance
09-October-2012 18:55 IST
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 6th September, 2012 vide number S.O. 2040 (E), dated the 6th 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 21st 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 Determination sets specified import and export currency conversion rates into Indian rupee, governing customs valuations. The Central Board, under authority of the Customs Act, prescribes distinct import and export conversion rates for specified foreign currencies in two schedules (per unit and per hundred unit) to be used for customs valuation of imported and exported goods, superseding the prior notification while preserving prior actions and operating from the stated effective date. of Press 'Enter' after typing page number.
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