Sunday, 23 September 2012

Rate of Exchange of Conversion of Foreign Currency



Rate of Exchange of Conversion of Foreign Currency into Indian Currency 
or 
Vice Versa Relating to Imported and Export Goods Notified; to come into effect from today 

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.80/2012-CUSTOMS (N.T.), dated the 6th September, 2012 vide number S.O. 2040 (E), dated the 6th September, 2012, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs (CBEC) 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 September, 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
57.20
55.95
2.
Bahrain Dinar
148.15
140.20
3.
Canadian Dollar               
56.30
54.85
4.
Danish Kroner
9.60
9.35
5.
EURO
71.40
69.80
6.
Hong Kong Dollar
7.05
6.95
7.
Kenya Shilling
65.95
62.20
8.
Kuwait Dinar
199.10
188.20
9.
New Zealand Dollar
45.45
44.35
10.
Norwegian Kroner
9.65
9.35
11.
Pound Sterling
88.95
87.05
12.
Singapore Dollar
44.85
43.85
13.
South African Rand
6.75
6.35
14.
Saudi Arabian Riyal
14.90
14.10
15.
Swedish Kroner
8.45
8.20
16.
Swiss Franc
59.15
57.65
17.
UAE Dirham
15.20
14.40
18.
US Dollar
54.75
53.90





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
70.30
             68.50





Source: Ministry of Finance
Dated: 21.09.12


 
With Regards
Prakash Verma
E Id: prkverma@gmail.com