CA NeWs Beta*: Rate of exchange of conversion of each of foreign currency for Customs purposes wef 21st December, 2012

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Saturday, December 22, 2012

Rate of exchange of conversion of each of foreign currency for Customs purposes wef 21st December, 2012

Notification No.111/2012-Customs (N.T.), DATED THE 20th December, 2012
S.O.       (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.108/2012-CUSTOMS (N.T.), dated the 6th December, 2012 vide number S.O. 2838 (E), dated the 6th December, 2012, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and  Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 21st December, 2012 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
S.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
58.35
56.90
2.
Bahrain Dinar
149.65
141.25
3.
Canadian Dollar
56.25
54.85
4.
Danish Kroner
9.90
9.60
5.
EURO
73.55
71.70
6.
Hong Kong Dollar
7.15
7.00
7.
Kenya Shilling
65.75
61.85
8.
Kuwait Dinar
200.90
188.95
9.
New Zealand Dollar
46.60
45.35
10.
Norwegian Kroner
9.95
9.65
11.
Pound Sterling
90.25
88.15
12.
Singapore Dollar
45.50
44.45
13.
South African Rand
6.70
6.30
14.
Saudi Arabian Riyal
15.05
14.20
15.
Swedish Kroner
8.45
8.20
16.
Swiss Franc
60.95
59.35
17.
UAE Dirham
15.35
14.50
18.
US Dollar
55.30
54.30
 
 
 
 
 
   SCHEDULE-II
S.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
65.90
             64.15
 
 
 
 
 
 [F.No.468/18/2012-Cus.V]
(Abhinav Gupta)
Under Secretary to the Govt. of India

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