OREANDA-NEWS. February 08, 2016. 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 Central Board of Excise and Customs(CBEC) No.14/2016-CUSTOMS (N.T.), dated 21st  January, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and  Customs(CBEC) 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 5th February, 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

49.45

48.00

2.

Bahrain Dinar

185.85

175.15

3.

Canadian Dollar 

            

49. 95

48.85

4.

Danish Kroner

10.25

9.95

5.

EURO

76.15

74.30

6.

Hong Kong Dollar

8.80

8.65

7.

Kuwait Dinar

232.50

218.35

8.

New Zealand Dollar

45.85

44.65

9.

Norwegian Kroner

8.05

7.85

10.

Pound Sterling

100.10

97.90

11.

Singapore Dollar

48.55

47.55

12.

South African Rand

4.40

4.15

13.

Saudi Arabian Riyal

18.65

17.60

14.

Swedish Kroner

8.15

7.95

15.

Swiss Franc

68.25

66.75

16.

UAE Dirham

19.00

18.00

17.

US Dollar

68.45

67.40

18.

 

Chinese Yuan

10.45

10.20

 SCHEDULE-II

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

58.25

56.95

2.

Kenya Shilling

68.35

64.55