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Home News News and Press Release Month 2 2016 2016 (2) This

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Exchange Rate of Foreign Currency relating to imported and export goods notified
19-2-2016
  • Contents

Press Information Bureau

Government of India

Ministry of Finance

18-February-2016 19:17 IST

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(CBEC) No.18/2016-CUSTOMS (N.T.), dated 4th February, 2016, 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 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 February, 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

49.65

48.40

2.

Bahrain Dinar

186.90

176.20

3.

Canadian Dollar 

50.60

49.55

4.

Danish Kroner

10.35

10.05

5.

EURO

77.05

75.20

6.

Hong Kong Dollar

8.85

8.70

7.

Kuwait Dinar

235.15

222.45

8.

New Zealand Dollar

46.20

45.00

9.

Norwegian Kroner

8.10

7.90

10.

Pound Sterling

98.95

96.75

11.

Singapore Dollar

49.25

48.25

12.

South African Rand

4.55

4.30

13.

Saudi Arabian Riyal

18.75

17.75

14.

Swedish Kroner

8.15

7.95

15.

Swiss Franc

69.80

68.05

16.

UAE Dirham

19.15

18.10

17.

US Dollar

68.95

67.90

18.

Chinese Yuan

10.60

10.40

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

60.70

59.35

2.

Kenya Shilling

69.15

65.35
 

*****

DSM/MAM/KA
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