Exchange Rate for conversion of foreign currency w.e.f 7th October 2016

By | October 7, 2016
(Last Updated On: October 7, 2016)

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

Sl.No. Foreign Currency Rate  of   exchange  of   one    unit   of foreign    currency     equivalent    to Indian rupees
(1) (2) (3)
(a) (b)
(For ImportedGoods) (For ExportGoods)
1. Australian Dollar 51.60 49.70
2. Bahrain Dinar 183.00 170.75
3. Canadian Dollar 51.30 49.75
4. Danish Kroner 10.20 9.85
5. EURO 75.90 73.35
6. Hong Kong  Dollar 8.70 8.45

 

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

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