Receive Daily Updates by Email (Free Subscription)

[Customs] Exchange Rate Notification w.e.f. 3rd March, 2017

Central Board of Excise and Customs(CBEC) Notification No. 14/2017 - Customs (N.T.) dated 2nd March, 2017

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.12/2017-CUSTOMS (N.T.), dated 16th February, 2017, 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 3rd March, 2017, 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
52.10
50.30
2.
Bahrain Dinar
183.50
171.25
3.
Canadian Dollar
50.90
49.25
4.
Danish Kroner
9.65
9.30
5.
EURO
71.55
69.10
6.
Hong Kong Dollar
8.70
8.50
7.
Kuwait Dinar
226.05
211.65
8.
New Zealand Dollar
48.55
46.85
9.
Norwegian Kroner
8.05
7.80
10.
Pound Sterling
83.40
80.65
11.
Singapore Dollar
48.10
46.65
12.
South African Rand
5.30
4.95
13.
Saudi Arabian Riyal
18.40
17.25
14.
Swedish Kroner
7.50
7.25
15.
Swiss Franc
67.35
65.00
16.
UAE Dirham
18.80
17.60
17.
US Dollar
67.65
66.00
18.
Chinese Yuan
9.85
9.55
19.
Qatari Riyal
18.90
17.85

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
59.65
57.65
2.
Kenya Shilling
67.25
62.90



Extra Notes for Readers

Previous Customs Exchange Rate Notifications:
  • w.e.f. 17th Feb. 2017 - link
  • w.e.f. 3rd Feb. 2017 - link

No comments:

Post a Comment

Share your valuable opinion or your query here.