Friday, 16 November 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 17th November, 2012

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.97/2012-CUSTOMS (N.T.), dated the 1st November, 2012 vide number S.O.2669 (E), dated the 1st November, 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 given below  into Indian currency or vice versa shall, with effect from 17th November, 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
57.85
56.45
2.
Bahrain Dinar
150.25
141.80
3.
Canadian Dollar               
55.65
54.10
4.
Danish Kroner
9.55
9.25
5.
EURO
70.90
69.25
6.
Hong Kong Dollar
7.15
7.05
7.
Kenya Shilling
66.40
62.30
8.
Kuwait Dinar
200.95
189.05
9.
New Zealand Dollar
45.35
44.05
10.
Norwegian Kroner
9.70
9.40
11.
Pound Sterling
88.25
86.15
12.
Singapore Dollar
45.60
44.40
13.
South African Rand
6.35
6.00
14.
Saudi Arabian Riyal
15.10
14.25
15.
Swedish Kroner
8.25
8.00
16.
Swiss Franc
59.05
57.40
17.
UAE Dirham
15.40
14.55
18.
US Dollar
55.50
54.55


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
69.55
             67.65

Source:- Ministry of Finance 




With Regards
Prakash Verma
E Id. Prkverma@gmail.com