Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
Exchange Rate of Foreign Currency Relating to
Imported and Export Goods Notified
In
exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of
1962), and in super session of the notification of the Central Board of Excise
& Customs No.97/2015-CUSTOMS (N.T.), dated 1st October,
2015, except as respects things done or omitted to be done before such
supersession, the Central Board of Excise & 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 16th October,
2015, 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
|
48.35
|
46.95
|
|
|
2.
|
Bahrain Dinar
|
177.15
|
166.85
|
|
|
3.
|
Canadian Dollar
|
50.75
|
49.65
|
|
|
4.
|
Danish Kroner
|
10.10
|
9.85
|
|
|
5.
|
EURO
|
75.30
|
73.45
|
|
|
6.
|
Hong Kong Dollar
|
8.45
|
8.30
|
|
|
7.
|
Kuwait Dinar
|
221.60
|
208.55
|
|
|
8.
|
New Zealand Dollar
|
44.90
|
43.55
|
|
|
9.
|
Norwegian Kroner
|
8.15
|
7.90
|
|
|
10.
|
Pound Sterling
|
101.40
|
99.20
|
|
|
11.
|
Singapore Dollar
|
47.70
|
46.60
|
|
|
12.
|
South African Rand
|
5.05
|
4.75
|
|
|
13.
|
Saudi Arabian Riyal
|
17.80
|
16.80
|
|
|
14.
|
Swedish Kroner
|
8.10
|
7.90
|
|
|
15.
|
Swiss Franc
|
69.15
|
67.50
|
|
|
16.
|
UAE Dirham
|
18.15
|
17.15
|
|
|
17.
|
US Dollar
|
65.35
|
64.30
|
|
SCHEDULE-II
|
Sl.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
|
55.10
|
53.85
|
|
|
2.
|
Kenya Shilling
|
64.65
|
61.00
|
|
|
|
||||
*********
Search-cum-Selection Committee
(SC) constituted under the Chairmanship of Shri Shaktikanta Das, Secretary,
Department of Economic Affairs for selecting a CEO for the Investment
Management Company, under the National Investment and Infrastructure Fund (NIIF)
A Search-cum- Selection Committee (SC) has been constituted
under the Chairmanship of Shri Shaktikanta Das, Secretary, Department of
Economic Affairs, Ministry of Finance, for selecting a CEO for the Investment
Management Company, under the National Investment and Infrastructure Fund
(NIIF).
Other Members of the Search
cum Selection Committee are:
( i)
Ms Anjuly Chib Duggal,Secretary, DFS
-- Member
( ii) Ms
Arundhati Bhattacharya
_
Member
( iii) Dr
Rathin
Roy
_ Member
( iv) Dr
Rajiv
Kumar
_
Member
The Investment Management Company would actually
be responsible for taking investment decision of NIIF corpus. The
Government’s share in the corpus shall not exceed 49%. The shareholding of the
company would reflect the shares of the different investors in the
corpus. The salaries of the Investment Team would be market linked.
The salary of the Chief Executive Officer (CEO) of the Company would be market
linked and he would be expected to achieve ambitious performance goals with
rigorous management output.
Earlier with a view to maximizing economic impact mainly through infrastructure
development in commercially viable projects, both greenfield and brownfield,
including stalled projects, the Government has approved the creation of
National Investment and Infrastructure Fund (NIIF) which aims to attract
investment from both domestic and international sources.
The
NIIF will be established as a Trust/other legal entity from the point of view
of taxation and flexibility. There will be a Governing Council of the NIIF
which will have Government representatives and experts in international
finance, eminent economists and infrastructure professionals. It could include
representatives from other non-Government shareholders. The terms and period of
appointment of the Governing Council of the NIIF will be as decided by the
Government. The Governing Council will oversee the activities of the
Trust and will be constituted as a separate legal entity, if necessary.
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