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Customs Exchange Rate Notification (w.e.f. 16th December 2016)

CBEC Notification No. 147/2016 - Customs (N.T.) dated 15th December 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.145/2016-CUSTOMS (N.T.), dated 1st December, 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 16th December, 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
51.35
49.40
2.
Bahrain Dinar
186.25
173.85
3.
Canadian Dollar
51.85
50.25
4.
Danish Kroner
9.75
9.40
5.
EURO
72.45
70.00
6.
Hong Kong Dollar
8.85
8.60
7.
Kuwait Dinar
229.70
215.00
8.
New Zealand Dollar
49.10
47.20
9.
Norwegian Kroner
8.05
7.75
10.
Pound Sterling
86.50
83.75
11.
Singapore Dollar
47.95
46.45
12.
South African Rand
5.00
4.70
13.
Saudi Arabian Riyal
18.70
17.50
14.
Swedish Kroner
7.45
7.20
15.
Swiss Franc
67.50
65.20
16.
UAE Dirham
19.10
17.90
17.
US Dollar
68.65
67.00
18.
Chinese Yuan
9.95
9.60

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
58.75
56.85
2.
Kenya Shilling
68.70
64.25



Extra Notes for Readers:

1) Previous Customs Exchange Rate Notifications:

  • w.e.f. 02nd Dec. 2016 - link
  • w.e.f. 30th Nov. 2016 - link
  • w.e.f. 18th Nov. 2016 - link

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