GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)
Notification No.124/2016 – Customs (N.T.)
New Delhi, dated the 06 October, 2016
14 Asvina, 1938 (SAKA)
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.121/2016-CUSTOMS (N.T.), dated 15th September, 2016, 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 07th October, 2016, 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
| |||||||||||||||||||||||||||||||||||||||||
| 7. | Kuwait Dinar | 228.35 | 213.65 |
| 8. | New Zealand Dollar | 48.60 | 46.90 |
| 9. | Norwegian Kroner | 8.45 | 8.15 |
| 10. | Pound Sterling | 86.20 | 83.40 |
| 11. | Singapore Dollar | 49.45 | 47.85 |
| 12. | South African Rand | 5.00 | 4.70 |
| 13. | Saudi Arabian Riyal | 18.35 | 17.20 |
| 14. | Swedish Kroner | 7.90 | 7.60 |
| 15. | Swiss Franc | 69.55 | 67.15 |
| 16. | UAE Dirham | 18.75 | 17.55 |
| 17. | US Dollar | 67.50 | 65.80 |
| 18. | Chinese Yuan | 10.15 | 9.80 |
SCHEDULE-II
| ForeignCurrency | Rate of exchange of 100 units of foreign currency equivalent to Indian rupees | ||
| (1) | (2) | (3) | |
| (a) | (b) | ||
| (For ImportedGoods) | (For ExportGoods) | ||
| 1. | Japanese Yen | 65.55 | 63.30 |
| 2. | Kenya Shilling | 68.05 | 63.60 |
[F.No. 468/01/2016-Cus.V]
(Kshitendra Verma)
Under Secretary to the Govt. of India
TELE: 011-2309 5541