Rupee Rises to Rs. 55 for Customs Valuation on Imports w.e.f. 7 Dec 2012

[Customs Notification No. 108 (Non Tariff) dated 6^th December 2012]

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.99/2012-CUSTOMS (N.T.), dated the 16^th November, 2012 vide number S.O.2719(E), dated the 16^th November, 2012, 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 7^th December, 2012 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	57.90	56.30
2.	Bahrain Dinar	148.85	140.45
3.	Canadian Dollar	55.70	54.10
4.	Danish Kroner	9.75	9.40
5.	EURO	72.30	70.50
6.	Hong Kong Dollar	7.10	6.95
7.	Kenya Shilling	65.50	61.55
8.	Kuwait Dinar	199.55	188.15
9.	New Zealand Dollar	45.65	44.30
10.	Norwegian Kroner	9.85	9.55
11.	Pound Sterling	88.80	86.85
12.	Singapore Dollar	45.25	44.20
13.	South African Rand	6.40	6.00
14.	Saudi Arabian Riyal	14.95	14.10
15.	Swedish Kroner	8.40	8.15
16.	Swiss Franc	59.60	57.95
17.	UAE Dirham	15.30	14.40
18.	US Dollar	55.00	54.00

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	67.20	65.35

[F.No.468/18/2012-Cus.V]