Exchange Rate of Foreign Currency Relating to Imported and Export Goods

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 Government of India in the Ministry of Finance (Department of Revenue) No.47/2014-CUSTOMS (N.T.), dated the 19th June, 2014

vide number S.O.1565(E), dated the 19th June, 2014, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs (CBEC) 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 sha l, with effect from 4th July, 2014 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)

(a) (b)(For Imported Goods) (For Export Goods)

1. Australian Do lar 56.65 55.102. Bahrain Dinar 162.70 153.703. Canadian

Do lar56.55 55.10

4. Danish Kroner 11.10 10.755. EURO 82.35 80.406. Hong Kong Do lar 7.75 7.607. Kuwait Dinar 217.65 205.408. New Zealand Do lar 52.90 51.559. Norwegian Kroner 9.80 9.50

10. Pound Sterling 103.40 101.1011. Singapore Do lar 48.30 47.20

12. South African Rand 5.70 5.40

13. Saudi Arabian Riyal 16.35 15.45

14. Swedish Kroner 9.00 8.75

15. Swiss Franc 67.90 66.0516. UAE Dirham 16.70 15.8017. US Do lar 60.10 59.10

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 59.25 57.802. Kenya Shi ling 70.00 65.95