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    Case ID :

    Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

    November 20, 2014

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    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.101/2014-CUSTOMS (N.T.), dated the 5th November, 2014 vide number S.O. 2830 (E), dated the 5th November, 2014, except as respects things done or omitted to be done before such super session, 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 21st  November, 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

    54.00

    52.70

    2.

    Bahrain Dinar

    169.45

    160.20

    3.

    Canadian Dollar               

    55.40

    54.05

    4.

    Danish Kroner

    10.60

    10.30

    5.

    EURO

    78.90

    77.00

    6.

    Hong Kong Dollar

    8.10

    7.95

    7.

    Kuwait Dinar

    219.65

    207.45

    8.

    New Zealand Dollar

    49.30

    48.05

    9.

    Norwegian Kroner

    9.30

    9.00

    10.

    Pound Sterling

    98.45

    96.25

     11.

    Singapore Dollar

    48.25

    47.10

    12.

    South African Rand

    5.75

    5.45

    13.

    Saudi Arabian Riyal

    17.05

    16.10

    14.

    Swedish Kroner

    8.50

    8.30

    15.

    Swiss Franc

    65.75

    64.00

    16.

    UAE Dirham

    17.40

    16.45

    17.

    US Dollar

    62.60

    61.60

     

    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

    53.10

    51.85

    2.

    Kenya Shilling

    71.00

    66.90

     

    Topics

    ActsIncome Tax