Rupee Rises to 61.90 from 62.05 against USD for Customs Valuation on Imports w.e.f. 6 Nov 2014

[Customs Notification No 101 (Non Tariff) dated 5^th November 2014]

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. 98/2014-CUSTOMS (N.T.), dated the 16^th October, 2014 vide number S.O. 2658 (E), dated the 16^th October, 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 6^th 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	54.50	53.00
2.	Bahrain Dinar	167.55	158.40
3.	Canadian Dollar	54.55	53.30
4.	Danish Kroner	10.50	10.20
5.	EURO	78.00	76.15
6.	Hong Kong Dollar	8.00	7.85
7.	Kuwait Dinar	218.05	205.65
8.	New Zealand Dollar	48.75	47.50
9.	Norwegian Kroner	9.10	8.85
10.	Pound Sterling	99.50	97.30
11.	Singapore Dollar	48.20	47.15
12.	South African Rand	5.70	5.40
13.	Saudi Arabian Riyal	16.85	15.90
14.	Swedish Kroner	8.45	8.20
15.	Swiss Franc	64.85	63.30
16.	UAE Dirham	17.20	16.25
17.	US Dollar	61.90	60.90

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	54.65	53.40
2.	Kenya Shilling	70.50	66.55

[F.No.468/01/2014-Cus.V]