Exchange Rates for Customs Valuation – Imports and Exports w.e.f 1 October 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. 70/2011 - Customs (N. T.)

28th September, 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. 62/2011-CUSTOMS (N.T.), dated the 26th August, 2011 vide number S.O.1975(E), dated the 26th August, 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 October, 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

49.10

47.80

2.

Canadian Dollar

48.60

47.45

3.

Danish Kroner

9.10

8.80

4.

EURO

67.30

65.75

5.

Hong Kong Dollar

6.35

6.25

6.

Norwegian Kroner

8.65

8.40

7.

Pound Sterling

77.50

75.75

8.

Swedish Kroner

7.35

7.10

9.

Swiss Franc

55.25

53.75

10.

Singapore Dollar

38.60

37.75

11.

US Dollar

49.60

48.80

 

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

65.35

63.55

 

[F. No. 468/12/2011-Cus.V]

(Abhinav Gupta)

Under Secretary to the Government of India