Exchange Rates for Customs Valuation – Imports and Exports w.e.f 1 August 2011

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No. 51/2011 - Customs (N. T.)

27th July, 2011

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 Government of India in the Ministry of Finance (Department of Revenue) No. 41/2011-CUSTOMS (N.T.), dated the 28th June, 2011 vide number S.O.1475(E), dated the 28th June, 2011, 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 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 1st August, 2011 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

48.95

47.75

2.

Canadian Dollar

47.55

46.35

3.

Danish Kroner

8.75

8.45

4.

EURO

64.95

63.35

5.

Hong Kong Dollar

5.75

5.65

6.

Norwegian Kroner

8.40

8.10

7.

Pound Sterling

73.35

71.55

8.

Swedish Kroner

7.15

6.95

9.

Swiss Franc

56.10

54.55

10.

Singapore Dollar

37.25

36.30

11.

US Dollar

44.70

43.90

 

Schedule-II

S. No.

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

57.55

55.95

 

[F. No. 468/10/2011-Cus.V]

(Abhinav Gupta)

Under Secretary to the Government of India