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Customs Exchange Rate Notification (w.e.f. 2nd 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.138/2016-CUSTOMS (N.T.), dated 17th November, 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 2nd 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

51.70

49.75

2.

Bahrain Dinar

188.20

175.70

3.

Canadian Dollar

51.90

50.35

4.

Danish Kroner

9.95

9.60

5.

EURO

73.90

71.40

6.

Hong Kong Dollar

8.95

8.70

7.

Kuwait Dinar

232.35

217.55

8.

New Zealand Dollar

49.45

47.75

9.

Norwegian Kroner

8.20

7.90

10.

Pound Sterling

87.25

84.45

11.

Singapore Dollar

48.60

47.20

12.

South African Rand

5.05

4.70

13.

Saudi Arabian Riyal

18.90

17.70

14.

Swedish Kroner

7.55

7.30

15.

Swiss Franc

68.55

66.35

16.

UAE Dirham

19.30

18.05

17.

US Dollar

69.40

67.70

18.

Chinese Yuan

10.10

9.80


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

61.00

59.00

2.

Kenya Shilling

69.60

65.15




Reference

1) CBEC Notification No. 145/2016 - Customs (N.T.) dated 1st December 2016

2)  Previous Customs Exchange Rate Notifications:

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