{"id":57611,"date":"2016-07-21T16:09:07","date_gmt":"2016-07-21T10:39:07","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=57611"},"modified":"2016-07-21T16:12:54","modified_gmt":"2016-07-21T10:42:54","slug":"exchange-rate-of-foreign-currency-relating-to-imported-and-export-goods-notified","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/07\/21\/exchange-rate-of-foreign-currency-relating-to-imported-and-export-goods-notified\/","title":{"rendered":"Exchange Rate of Foreign Currency relating to Imported and Exported Goods, notified"},"content":{"rendered":"

The Central Board of Excise and Customs in exercise of the powers conferred by section 14 of the Customs Act, 1962 and in supersession of the notification of the Central Board of Excise and Customs No.96\/2016-CUSTOMS (N.T.), dated 06th<\/sup> July, 2016, except as respects things done or omitted to be done before such supersession, determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and\u00a0\u00a0Schedule II annexed hereto, into Indian currency or\u00a0vice versa,<\/em>\u00a0shall, with effect from 22nd<\/sup> July, 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.<\/p>\n

SCHEDULE-I<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sl.No.<\/strong><\/td>\nForeign Currency<\/strong><\/td>\nRate of exchange of one unit of foreign currency equivalent to Indian rupees<\/strong><\/td>\n<\/tr>\n
(1)\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n(2)<\/strong><\/td>\n(3)<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (a)<\/strong><\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (b)<\/strong><\/td>\n<\/tr>\n
\u00a0<\/strong><\/td>\n\u00a0<\/strong><\/td>\n(For Imported Goods)<\/strong><\/td>\n\u00a0 (For Export Goods)<\/strong><\/td>\n<\/tr>\n
1.<\/td>\nAustralian Dollar<\/td>\n51.30<\/td>\n49.50<\/td>\n<\/tr>\n
2.<\/td>\nBahrain Dinar<\/td>\n184.60<\/td>\n172.25<\/td>\n<\/tr>\n
3.<\/td>\nCanadian Dollar<\/p>\n

 <\/td>\n

52.40<\/td>\n50.75<\/td>\n<\/tr>\n
4.<\/td>\nDanish Kroner<\/td>\n10.15<\/td>\n9.80<\/td>\n<\/tr>\n
5.<\/td>\nEURO<\/td>\n75.45<\/td>\n72.95<\/td>\n<\/tr>\n
6.<\/td>\nHong Kong Dollar<\/td>\n8.80<\/td>\n8.55<\/td>\n<\/tr>\n
7.<\/td>\nKuwait Dinar<\/td>\n230.00<\/td>\n215.20<\/td>\n<\/tr>\n
8.<\/td>\nNew Zealand Dollar<\/td>\n47.85<\/td>\n46.20<\/td>\n<\/tr>\n
9.<\/td>\nNorwegian Kroner<\/td>\n8.10<\/td>\n7.80<\/td>\n<\/tr>\n
10.<\/td>\nPound Sterling<\/td>\n91.15<\/td>\n86.90<\/td>\n<\/tr>\n
11.<\/td>\nSingapore Dollar<\/td>\n50.40<\/td>\n48.75<\/td>\n<\/tr>\n
12.<\/td>\nSouth African Rand<\/td>\n4.85<\/td>\n4.55<\/td>\n<\/tr>\n
13.<\/td>\nSaudi Arabian Riyal<\/td>\n18.55<\/td>\n17.35<\/td>\n<\/tr>\n
14.<\/td>\nSwedish Kroner<\/td>\n8.00<\/td>\n7.70<\/td>\n<\/tr>\n
15.<\/td>\nSwiss Franc<\/td>\n69.55<\/td>\n67.10<\/td>\n<\/tr>\n
16.<\/td>\nUAE Dirham<\/td>\n18.95<\/td>\n17.75<\/td>\n<\/tr>\n
17.<\/td>\nUS Dollar<\/td>\n68.15<\/td>\n66.45<\/td>\n<\/tr>\n
18.<\/p>\n

 <\/td>\n

Chinese Yuan<\/td>\n10.25<\/td>\n9.90<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\u00a0SCHEDULE-II<\/strong><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n
Sl.No.<\/strong><\/td>\nForeign Currency<\/strong><\/td>\nRate of exchange of 100 units of foreign currency equivalent to Indian rupees<\/strong><\/td>\n<\/tr>\n
(1)\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n(2)<\/strong><\/td>\n(3)<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n(a)<\/strong><\/td>\n(b)<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n(For Imported Goods)<\/strong><\/td>\n\u00a0 (For Export Goods)<\/strong><\/td>\n<\/tr>\n
1.<\/td>\nJapanese Yen<\/td>\n63.80<\/td>\n61.75<\/td>\n<\/tr>\n
2.<\/td>\nKenya Shilling<\/td>\n68.55<\/td>\n64.10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Press Information Bureau<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Board of Excise and Customs in exercise of the powers conferred by section 14 of the Customs Act, 1962 and <\/p>\n","protected":false},"author":3,"featured_media":57631,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-57611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"\nExchange Rate of Foreign Currency relating to Imported and Exported Goods, notified | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2016\/07\/21\/exchange-rate-of-foreign-currency-relating-to-imported-and-export-goods-notified\/\" \/>\n<meta property=\"og:locale\" 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The Central Board of Excise and Customs (CBEC) through a circular said that, the prevailing exchange rates will be applicable if\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89261,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/12\/02\/point-of-sale-pos-devices-and-goods-required-for-their-manufacture-exempted-from-central-excise-duty-till-march-31-2017\/","url_meta":{"origin":57611,"position":4},"title":"Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017","author":"Saba","date":"December 2, 2016","format":false,"excerpt":"The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016. 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