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Customs Exchange Rate Notification (w.e.f. 4th November 2016)

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.127/2016-CUSTOMS (N.T.), dated 20th October, 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 04th November, 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
52.05
50.25
2.
Bahrain Dinar
183.20
171.10
3.
Canadian Dollar
50.70
49.10
4.
Danish Kroner
10.15
9.80
5.
EURO
75.50
73.00
6.
Hong Kong Dollar
8.70
8.50
7.
Kuwait Dinar
228.10
213.10
8.
New Zealand Dollar
49.65
47.95
9.
Norwegian Kroner
8.30
8.00
10.
Pound Sterling
83.65
80.90
11.
Singapore Dollar
48.95
47.50
12.
South African Rand
5.10
4.80
13.
Saudi Arabian Riyal
18.40
17.20
14.
Swedish Kroner
7.60
7.35
15.
Swiss Franc
70.05
67.60
16.
UAE Dirham
18.80
17.60
17.
US Dollar
67.60
65.90
18.
Chinese Yuan
10.05
9.70

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
66.15
63.95
2.
Kenya Shilling
67.95
63.55


Source: CBEC Notification No. 136/2016 - Customs (N.T.) dated 3rd November 2016 [F.No. 468/01/2016-Cus.V]
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