CBEC DETERMINE CONVERSION RATE OF FOREIGN CURRENCY  FOR IMPORT & EXPORT VALUATION

Notification No.: 28/2013-Customs (N.T.) Dated: 7th March, 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 8th March, 2013 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) (For Imported Goods)   (For Export Goods) 1. Australian Dollar 56.95 55.55 2. Bahrain Dinar 149.30 140.90 3. Canadian Dollar                53.95 52.60 4. Danish Kroner 9.75 9.40 5. EURO 72.25 70.45 6. Hong Kong Dollar 7.10 7.00 7. Kenya Shilling 65.90 62.05 8. Kuwait Dinar 198.25 186.75 9. New Zealand Dollar 46.20 45.00 10. Norwegian Kroner 9.75 9.45 11. Pound Sterling 83.85 81.85 12. Singapore Dollar 44.50 43.45 13. South African Rand 6.25 5.85 14. Saudi Arabian Riyal 15.00 14.15 15. Swedish Kroner 8.70 8.45 16. Swiss Franc 58.85 57.35 17. UAE Dirham 15.30 14.45 18. US Dollar 55.15 54.20  SCHEDULE-II                        S.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees (1)     (2) (3) (For Imported Goods)   (For Export Goods) 1. Japanese Yen 59.45              57.90

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