CBEC DETERMINER THE CONVERSION RATE OF FOREIGN CURRENCY FOR IMPORT & EXPORT VALUATION

Notification No. 05/2013-Customs (N.T.)

DATE: 17^th January, 2013

In Super session of the notification No.1/2013-CUSTOMS (N.T.), dated the 3rd January, 2013, 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 18^th January, 2013 be the rate mentioned against it in the corresponding entry in column (3) thereof, 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	58.55	57.10
2.	Bahrain Dinar	149.50	141.10
3.	Canadian Dollar	56.35	54.80
4.	Danish Kroner	9.90	9.60
5.	EURO	73.60	71.75
6.	Hong Kong Dollar	7.15	7.00
7.	Kenya Shilling	65.00	61.30
8.	Kuwait Dinar	200.45	188.55
9.	New Zealand Dollar	46.70	45.45
10.	Norwegian Kroner	10.00	9.65
11.	Pound Sterling	89.05	86.95
12.	Singapore Dollar	45.30	44.10
13.	South African Rand	6.40	6.00
14.	Saudi Arabian Riyal	15.05	14.20
15.	Swedish Kroner	8.55	8.30
16.	Swiss Franc	59.55	58.05
17.	UAE Dirham	15.35	14.50
18.	US Dollar	55.25	54.25

 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	63.00	61.30

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

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