Yuan Debuts in Indian Customs at Rs. 10.25 for Import Valuation

Rupee Fall by 25 Paise to Rs. 67.45 against Dollar for Imports w.e.f. 8 Jan 2016

[Customs Notification No. 02 (Non Tariff) dated 7th January 2016]

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 Central Board of Excise & Customs No.144/2015-CUSTOMS (N.T.), dated 17th December, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & 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 08th January, 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

Sl.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

47.70

46.50

2.

Bahrain Dinar

182.95

172.40

3.

Canadian Dollar

48.00

46.95

4.

Danish Kroner

9.85

9.55

5.

EURO

73.35

71.55

6.

Hong Kong Dollar

8.70

8.55

7.

Kuwait Dinar

226.45

213.95

8.

New Zealand Dollar

45.00

43.80

9.

Norwegian Kroner

7.60

7.40

10.

Pound Sterling

98.95

96.80

11.

Singapore Dollar

47.15

46.10

12.

South African Rand

4.30

4.10

13.

Saudi Arabian Riyal

18.35

17.35

14.

Swedish Kroner

7.90

7.70

15.

Swiss Franc

67.60

65.90

16.

UAE Dirham

18.75

17.70

17.

US Dollar

67.45

66.40

18.

Chinese Yuan

10.25

10.05

 

Schedule-II

Sl.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

57.30

56.05

2.

Kenya Shilling

67.40

63.65

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