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Home News News and Press Release Month 3 2017 2017 (3) This

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

16-3-2017

Contents

Press Information Bureau

Government of India

Ministry of Finance

16-March-2017 16:23 IST

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 2^nd 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 17^th 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

*****

DSM/VKS/KA

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