Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified on 4th May, 2017

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 supersession of the notification of the Central Board of Excise and Customs No.43/2017-CUSTOMS (N.T.), dated 4th May, 2017, 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 19th May, 2017, 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

(For Imported Goods)  (For Export Goods)
1.Australian Dollar 48.95 47.20
2.Bahrain Dinar 177.05 165.05
3.Canadian Dollar 48.10 46.60
4.Chinese Yuan 9.50 9.20
5.Danish Kroner 9.85 9.45
6.EURO 73.10 70.60
7.Hong Kong Dollar 8.40 8.15
8.Kuwait Dinar 219.25 204.95
9.New Zealand Dollar 45.55 43.75
10.Norwegian Kroner 7.80 7.50
11.Pound Sterling 85.05 82.20
12.Qatari Riyal 18.10 17.10
13.Saudi Arabian Riyal 17.75 16.60
14.Singapore Dollar 47.05 45.60
15.South African Rand 5.00 4.70
16.Swedish Kroner 7.50 7.25
17.Swiss Franc 66.95 64.75
18.UAE Dirham 18.15 16.95
19.US Dollar 65.30 63.60

  SCHEDULE-II

Sl.No.Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
     (For Imported Goods)  (For Export Goods)
1Japanese Yen    59.05 57.05
2 Kenya Shilling 64.50 60.25