Rate of exchange of foreign currency conversion WEF 18.03.2016

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF EXCISE AND CUSTOMS)

Notification No. 41/2016 – Customs (N.T.)

27 Phalguna, 1937 (SAKA)

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 No. 36/2016-CUSTOMS (N.T.), dated 03rd March, 2016, 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 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 18th March, 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)
Australian Dollar

51.60

50.30

Bahrain Dinar

182.85

172.35

Canadian Dollar

51. 65

50.60

Danish Kroner

10.20

9.95

EURO

76.05

74.20

Hong Kong Dollar

8.70

8.55

Kuwait Dinar

229.00

216.35

New Zealand Dollar

46.00

44.65

Norwegian Kroner

8.00

7.80

10.

Pound Sterling

96.60

94.45

11.

Singapore Dollar

49.50

48.45

12.

South African Rand

4.40

4.15

13.

Saudi Arabian Riyal

18.35

17.35

14.

Swedish Kroner

8.25

8.05

15.

Swiss Franc

69.35

67.60

16.

UAE Dirham

18.75

17.70

17.

US Dollar

67.45

66.40

18.

Chinese Yuan

10.40

10.20

SCHEDULE-II

[F.No468/01/2016-Cus.V]

(Kshitendra Verma)

Under Secretary to the Govt. of India

TELE: 011-2309 5541