Exchange Rate of Foreign Currency Notified

By | January 21, 2016
(Last Updated On: January 21, 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 & Customs No.02/2016-CUSTOMS (N.T.), dated 07th January, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & 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 22nd January, 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 Dollar47.7046.30
2.Bahrain Dinar185.45174.80
3.Canadian Dollar47. 3546.35
4.Danish Kroner10.059.75
5.EURO74.7072.90
6.Hong Kong Dollar8.758.60
7.Kuwait Dinar229.20216.60
8.New Zealand Dollar44.3043.10
9.Norwegian Kroner7.757.55
10.Pound Sterling97.3095.15
11.Singapore Dollar47.6546.70
12.South African Rand4.153.95
13.Saudi Arabian Riyal18.6017.60
14.Swedish Kroner8.007.80
15.Swiss Franc68.4066.70
16.UAE Dirham19.0018.00
17.US Dollar68.4067.35
18.Chinese Yuan10.4510.20

 

 SCHEDULE-II

 

 Sl.No.Foreign CurrencyRate 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 Yen58.5557.25
2.Kenya Shilling68.2064.40

Source Ministry of Finance 21-January, 2016

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