OREANDA-NEWS. 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.01/2015-CUSTOMS (N.T.), dated the 1st January, 2015 vide number S.O.17(E), dated the 1st January, 2015, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs(CBEC) 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 16th January, 2015 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

51.25

49.95

 

2.

Bahrain Dinar

168.65

159.40

 

3.

Canadian Dollar               

52.25

51.10

 

4.

Danish Kroner

9.95

9.65

 

5.

EURO

73.70

71.90

 

6.

Hong Kong Dollar

8.05

7.90

 

7.

Kuwait Dinar

216.45

204.15

 

8.

New Zealand Dollar

48.30

47.05

 

9.

Norwegian Kroner

8.20

8.00

 

10.

Pound Sterling

95.35

93.20

 

11.

Singapore Dollar

46.85

45.85

12.

South African Rand

5.55

5.25

13.

Saudi Arabian Riyal

16.95

16.00

14.

Swedish Kroner

7.75

7.55

15.

Swiss Franc

61.40

59.95

16.

UAE Dirham

17.30

16.35

17.

US Dollar

62.30

61.30

 

                                                             

 

 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

53.15

51.95

2.

Kenya Shilling

69.80

65.75