Customs Introduces Seven More Currencies
for Invoicing and Direct Conversion of Imports and Exports Value
[Great jobs done, finally! – Editor]
[Ref: Notification No.49/2012-Customs (N.T.) dated
7 June 2012]
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 Government of India in the Ministry of
Finance (Department of Revenue) No.38/2012-CUSTOMS (N.T.), dated the 26th
April, 2012 vide number S.O.924 (E), dated the 26th April,
2012, except as respects things done or omitted to be done before such super
session, 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 8th June, 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 |
55.55 |
54.15 |
|
2. |
Bahraini Dinar |
150.30 |
142.25 |
|
3. |
Canadian Dollar |
54.30 |
53.00 |
|
4. |
Danish Kroner |
9.45 |
9.20 |
|
5. |
EURO |
69.95 |
68.40 |
|
6. |
Hong Kong Dollar |
7.15 |
7.05 |
|
7. |
Kenyan Shilling |
66.35 |
62.60 |
|
8. |
Kuwaiti Dinar |
202.60 |
191.10 |
|
9. |
New Zealand Dollar |
43.05 |
42.00 |
|
10. |
Norwegian Kroner |
9.20 |
8.95 |
|
11. |
Pound Sterling |
86.20 |
84.40 |
|
12. |
Singapore Dollar |
43.65 |
42.75 |
|
13. |
South African Rand |
6.85 |
6.45 |
|
14. |
South Arabian Riyal |
15.10 |
14.30 |
|
15. |
Swedish Kroner |
7.80 |
7.55 |
|
16. |
Swiss Franc |
58.30 |
57.00 |
|
17. |
UAE Dirham |
15.45 |
14.60 |
|
18. |
US Dollar |
55.55 |
54.70 |
Schedule-II
|
S.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 |
70.35 |
68.60 |
|
[F.No.468/10/2012-Cus.V]