Dollar Falls by 80
paise for March Customs Valuation
Exchange Rates for Customs Valuation – Imports and
Exports
[Customs
Notification No. 14 (Non Tariff) dated 27th
February 2012]
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. 09/2012-CUSTOMS
(N.T.), dated the 30th January, 2012 vide number S.O.189(E),
dated the 30th January, 2012, 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 March, 2012 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 |
53.25 |
52.00 |
|
2. |
Canadian Dollar |
49.80 |
48.50 |
|
3. |
Danish Kroner |
8.95 |
8.70 |
|
4. |
EURO |
66.35 |
64.75 |
|
5. |
Hong Kong Dollar |
6.40 |
6.25 |
|
6. |
Norwegian Kroner |
8.85 |
8.60 |
|
7. |
Pound Sterling |
78.05 |
76.30 |
|
8. |
Swedish Kroner |
7.50 |
7.30 |
|
9. |
Swiss Franc |
55.05 |
53.70 |
|
10. |
Singapore Dollar |
39.55 |
38.65 |
|
11. |
US Dollar |
49.40 |
48.60 |
|
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 |
61.85 |
60.25 |
[F. No.
468/05/2012-Cus.V]