Rupee Gains 95 paise against Dollar to Rs. 68.00 w.e.f 4 March 2016; Euro by Rs. 2.95 to Rs. 74.10

[Ref: Notification No. 36/2016 - Customs (N.T.) dated 03 March 2016]

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.29/2016-CUSTOMS (N.T.), dated 18th February, 2016, 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 04th March, 2016, 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

SNo.

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

49.95

48.55

2.

Bahrain Dinar

184.35

173.70

3.

Canadian Dollar

50. 85

49.80

4.

Danish Kroner

9.95

9.70

5.

EURO

74.10

72.30

6.

Hong Kong Dollar

8.75

8.60

7.

Kuwait Dinar

230.75

218.05

8.

New Zealand Dollar

45.70

44.35

9.

Norwegian Kroner

7.90

7.70

10.

Pound Sterling

96.05

93.90

11.

Singapore Dollar

48.90

47.90

12.

South African Rand

4.45

4.20

13.

Saudi Arabian Riyal

18.50

17.50

14.

Swedish Kroner

7.95

7.75

15.

Swiss Franc

68.50

66.80

16.

UAE Dirham

18.90

17.85

17.

US Dollar

68.00

66.95

18.

Chinese Yuan

10.45

10.20

Schedule-II

SNo.

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

59.90

58.55

2.

Kenya Shilling

68.40

64.65

[F.No. 468/01/2016-Cus.V]