Rupee Falls by Rs. 1.4 to 64.35 against Dollar for Customs Valuation on Imports w.e.f. 8 May 2015

[Customs Notification No. 44 (Non Tariff) dated 7th May 2015]

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.38/2015-CUSTOMS (N.T.), dated the 16th April, 2015 vide number S.O.1028 (E), dated the 16th  April, 2015, 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 8th May, 2015 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

51.60

50.30

2.

Bahrain Dinar

174.10

164.60

3.

Canadian Dollar

53.60

52.40

4.

Danish Kroner

9.85

9.55

5.

EURO

73.35

71.55

6.

Hong Kong Dollar

8.30

8.15

7.

Kuwait Dinar

217.60

205.65

8.

New Zealand Dollar

48.55

47.30

9.

Norwegian Kroner

8.70

8.45

10.

Pound Sterling

98.40

96.20

11.

Singapore Dollar

48.65

47.50

12.

South African Rand

5.45

5.15

13.

Saudi Arabian Riyal

17.50

16.55

14.

Swedish Kroner

7.85

7.65

15.

Swiss Franc

70.50

68.80

16.

UAE Dirham

17.85

16.90

17.

US Dollar

64.35

63.30

 

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

54.00

52.80

2.

Kenya Shilling

69.10

65.10

[F.No.468/01/2015-Cus.V]