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 17th November, 2012

November 17, 2012

📋

Contents

Note

Bookmark

For full text, please login

Verification Pending

The Email Id has not been verified. Click on the link we have sent on

Didn't receive the mail? Resend Mail

Don't have an account? Register Here

Press Information Bureau

Government of India

Ministry of Finance

16-November-2012 18:06 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.97/2012-CUSTOMS (N.T.), dated the 1^st November, 2012 vide number S.O.2669 (E), dated the 1^st November, 2012, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs 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 17^th November, 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	57.85	56.45
2.	Bahrain Dinar	150.25	141.80
3.	Canadian Dollar	55.65	54.10
4.	Danish Kroner	9.55	9.25
5.	EURO	70.90	69.25
6.	Hong Kong Dollar	7.15	7.05
7.	Kenya Shilling	66.40	62.30
8.	Kuwait Dinar	200.95	189.05
9.	New Zealand Dollar	45.35	44.05
10.	Norwegian Kroner	9.70	9.40
11.	Pound Sterling	88.25	86.15
12.	Singapore Dollar	45.60	44.40
13.	South African Rand	6.35	6.00
14.	Saudi Arabian Riyal	15.10	14.25
15.	Swedish Kroner	8.25	8.00
16.	Swiss Franc	59.05	57.40
17.	UAE Dirham	15.40	14.55
18.	US Dollar	55.50	54.55

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	69.55	67.65

Exchange rate determination for import-export conversions set effective November, updating notified rates for listed foreign currencies. The Central Board of Excise and Customs, under section 14 of the Customs Act, has determined the rate of exchange for specified foreign currencies into Indian currency and vice versa for import and export purposes, superseding the earlier notification except for prior actions, with the listed rates becoming effective from 17th November, 2012; Schedule I provides separate import and export rates for each currency, and Schedule II provides the rate for Japanese Yen per 100 units.

Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

Provisions expressly mentioned in the judgment/order text.

Exchange rate determination for import-export conversions set effective November, updating notified rates for listed foreign currencies.

The Central Board of Excise and Customs, under section 14 of the Customs Act, has determined the rate of exchange for specified foreign currencies into Indian currency and vice versa for import and export purposes, superseding the earlier notification except for prior actions, with the listed rates becoming effective from 17th November, 2012; Schedule I provides separate import and export rates for each currency, and Schedule II provides the rate for Japanese Yen per 100 units.

Note: It is a system-generated summary and is for quick reference only.

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

News

News

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 17th November, 2012

November 17, 2012

Exchange rate determination for import-export conversions set effective November, updating notified rates for listed foreign currencies.

Topics

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

News

News

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 17th November, 2012

November 17, 2012

Print Options

Username/Email Address

Password

The Email Id has not been verified. Click on the link we have sent on

Exchange rate determination for import-export conversions set effective November, updating notified rates for listed foreign currencies.

Topics