Exchange Rates for Customs Valuation – Imports and Exports w.e.f 1 May 2012

[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. 38/2012 - Customs (N. T.)

26th April, 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. 26/2012-CUSTOMS (N.T.), dated the 28th March, 2012 vide number S.O.625(E), dated the 28th March, 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 May, 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	54.95	53.70
2.	Canadian Dollar	54.05	52.65
3.	Danish Kroner	9.50	9.20
4.	EURO	70.35	68.70
5.	Hong Kong Dollar	6.85	6.75
6.	Norwegian Kroner	9.35	9.05
7.	Pound Sterling	86.00	84.15
8.	Swedish Kroner	7.95	7.70
9.	Swiss Franc	58.50	57.10
10.	Singapore Dollar	42.70	41.80
11.	US Dollar	53.10	52.25

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	65.50	63.85

[F. No. 468/07/2012-Cus.V]

(Abhinav Gupta)

Under Secretary to the Government of India