Press Information Bureau
Government of India
Ministry of Finance
03-January-2013 18:58 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.111/2012-CUSTOMS (N.T.), dated the 20th December, 2012 vide number S.O.2966 (E), dated the 20th December, 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 4th January, 2013 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 | 57.70 | 56.15 |
2. | Bahrain Dinar | 148.40 | 140.05 |
3. | Canadian Dollar | 55.80 | 54.40 |
4. | Danish Kroner | 9.85 | 9.55 |
5. | EURO | 73.05 | 71.25 |
6. | Hong Kong Dollar | 7.10 | 6.95 |
7. | Kenya Shilling | 65.25 | 61.25 |
8. | Kuwait Dinar | 199.25 | 187.40 |
9. | New Zealand Dollar | 46.20 | 44.85 |
10. | Norwegian Kroner | 10.00 | 9.70 |
11. | Pound Sterling | 89.95 | 87.80 |
12. | Singapore Dollar | 45.15 | 44.00 |
13. | South African Rand | 6.65 | 6.25 |
14. | Saudi Arabian Riyal | 14.90 | 14.10 |
15. | Swedish Kroner | 8.55 | 8.30 |
16. | Swiss Franc | 60.60 | 59.05 |
17. | UAE Dirham | 15.25 | 14.40 |
18. | US Dollar | 54.85 | 53.85 |
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 | 63.15 | 61.45 |
******
DSM/RS/Ka
Exchange rate determination fixes differing conversion rates for import and export valuation of specified foreign currencies. Determination prescribes conversion rates between specified foreign currencies and Indian rupees for customs valuation, effective 4 January 2013, superseding the earlier notification, with separate prescribed rates for imported and export goods set out in Schedule I (per unit rates for listed currencies) and Schedule II (per 100 units for Japanese Yen).
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