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Rate of exchange of conversion of the foreign currency with effect from 7th October, 2016 - 124/2016 - Customs - Non TariffExtract Superseded vide Not. 127/2016 - Dated 20-10-2016 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.124/2016 - Customs (N.T.) New Delhi, dated the 06 October, 2016 14 Asvina, 1938 (SAKA) 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.121/2016-CUSTOMS (N.T.), dated 15th September, 2016 , 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 07th October, 2016, 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 51.60 49.70 2. Bahrain Dinar 183.00 170.75 3. Canadian Dollar 51.30 49.75 4. Danish Kroner 10.20 9.85 5. EURO 75.90 73.35 6. Hong Kong Dollar 8.70 8.45 7. Kuwait Dinar 228.35 213.65 8. New Zealand Dollar 48.60 46.90 9. Norwegian Kroner 8.45 8.15 10. Pound Sterling 86.20 83.40 11. Singapore Dollar 49.45 47.85 12. South African Rand 5.00 4.70 13. Saudi Arabian Riyal 18.35 17.20 14. Swedish Kroner 7.90 7.60 15. Swiss Franc 69.55 67.15 16. UAE Dirham 18.75 17.55 17. US Dollar 67.50 65.80 18. Chinese Yuan 10.15 9.80 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 65.55 63.30 2. Kenya Shilling 68.05 63.60 [F.No. 468/01/2016-Cus.V] (Kshitendra Verma) Under Secretary to the Govt. of India TELE: 011-2309 5541
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