Notification No.29/2016 – Customs (N.T.) Rate of Exchange

By | February 18, 2016

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF EXCISE AND CUSTOMS) 

Notification No.29/2016 – Customs (N.T.) 

Dated the 18th  February, 2016

29 Magha, 1937 (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.18/2016-CUSTOMS (N.T.), dated 4th February, 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 19th February, 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 Imported Goods)   (For Export Goods)
1. Australian Dollar 49.65 48.40
2. Bahrain Dinar 186.90 176.20
3. Canadian Dollar 50.60 49.55
4. Danish Kroner 10.35 10.05
5. EURO 77.05 75.20
6. Hong Kong Dollar 8.85 8.70
7. Kuwait Dinar 235.15 222.45
8. New Zealand Dollar 46.20 45.00
9. Norwegian Kroner 8.10 7.90
10. Pound Sterling 98.95 96.75
11. Singapore Dollar 49.25 48.25
12. South African Rand 4.55 4.30
13. Saudi Arabian Riyal 18.75 17.75
14. Swedish Kroner 8.15 7.95
15. Swiss Franc 69.80 68.05
16. UAE Dirham 19.15 18.10
17. US Dollar 68.95 67.90
18. Chinese Yuan 10.60 10.40

 SCHEDULE-II

                                                                                                          Sl.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 60.70 59.35
2. Kenya Shilling 69.15 65.35

[F.No468/01/2016-Cus.V]

(Kshitendra Verma)

Under Secretary to the Govt. of India

TELE: 011-2309 5541

 

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