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Home News News and Press Release Month 5 2014 2014 (5) This

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Rate of exchange of conversion of each of the foreign currency with effect from the 16th May, 2014
17-5-2014
  • Contents

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.38/2014-CUSTOMS (N.T.), dated the 1st May, 2014 vide number S.O. (E), dated the 1st May, 2014, 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 currency 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 May, 2014 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

S.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

56.50

55.10

2.

Bahrain Dinar

162.70

153.70

3.

Canadian Dollar               

55.55

54.10

4.

Danish Kroner

11.15

10.80

5.

EURO

82.80

80.85

6.

Hong Kong Dollar

7.75

7.60

7.

Kuwait Dinar

217.90

205.45

8.

New Zealand Dollar

52.30

51.00

9.

Norwegian Kroner

10.20

9.90

10.

Pound Sterling

101.15

98.85

11.

Singapore Dollar

48.20

47.10

12.

South African Rand

6.00

5.60

13.

Saudi Arabian Riyal

16.35

15.45

14.

Swedish Kroner

9.25

8.95

15.

Swiss Franc

67.90

66.25

16.

UAE Dirham

16.70

15.80

17.

US Dollar

60.10

59.10
 

SCHEDULE-II

S. 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

59.25

57.80

2.

Kenya Shilling

70.35

66.30
 
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