Exchange Rate of Foreign Currency for Imported /Export Goods Notified

By | May 19, 2016
(Last Updated On: May 19, 2016)

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

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.64/2016-CUSTOMS (N.T.), dated 05th May, 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 20th May, 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 CurrencyRate 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 Dollar49.3547.60
2.Bahrain Dinar184.50172.20
3.Canadian Dollar

 

52.2550.65
4.Danish Kroner10.359.95
5.EURO76.7074.15
6.Hong Kong Dollar8.758.55
7.Kuwait Dinar230.15215.35
8.New Zealand Dollar46.1044.45
9.Norwegian Kroner8.207.90
10.Pound Sterling99.5096.35
11.Singapore Dollar49.4047.90
12.South African Rand4.354.10
13.Saudi Arabian Riyal18.5017.35
14.Swedish Kroner8.207.90
15.Swiss Franc69.2566.85
16.UAE Dirham18.9017.70
17.US Dollar68.0566.35
18.

 

Chinese Yuan10.4510.10

 

 

SCHEDULE-II

 

 

 

Sl.No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
 (2)(3)
  (a)(b)
  (For Imported Goods)  (For Export Goods)
1.Japanese Yen62.1060.10
2.Kenya Shilling68.7564.30
Direct Taxes Ready ReckonerService Tax Ready ReckonerCompany Law Ready Reckonertax deduction at source
New Books Released on Tax , GST and law

Leave a Reply

Your email address will not be published. Required fields are marked *