Receive Daily Updates by Email (Free Subscription)

[Customs] Exchange Rate Notification w.e.f. 17th March, 2017

Central Board of Excise and Customs(CBEC) Notification No. 22/2017 - Customs (N.T.) dated 16th 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.14/2017-CUSTOMS (N.T.), dated 2nd March, 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 17th 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
51.10
49.35
2.
Bahrain Dinar
179.50
167.40
3.
Canadian Dollar
49.85
48.30
4.
Chinese Yuan
9.65
9.30
5.
Danish Kroner
9.60
9.25
6.
EURO
71.30
68.85
7.
Hong Kong Dollar
8.55
8.30
8.
Kuwait Dinar
221.10
206.80
9.
New Zealand Dollar
46.50
44.85
10.
Norwegian Kroner
7.80
7.55
11.
Pound Sterling
81.55
78.85
12.
Qatari Riyal
18.55
17.55
13.
Saudi Arabian Riyal
18.00
16.85
14.
Singapore Dollar
47.20
45.75
15.
South African Rand
5.25
4.90
16.
Swedish Kroner
7.50
7.25
17.
Swiss Franc
66.50
64.20
18.
UAE Dirham
18.40
17.20
19.
US Dollar
66.20
64.50

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
58.55
56.65
2.
Kenya Shilling
65.75
61.45



Extra Notes for Readers

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

No comments:

Post a Comment

Share your valuable opinion or your query here.