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Home News News and Press Release Month 3 2017 2017 (3) This

Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

16-3-2017
  • Contents

Press Information Bureau

Government of India

Ministry of Finance

16-March-2017 16:23 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 No.14/2017-CUSTOMS (N.T.), dated 2nd March, 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 17th March, 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

(1)

(2)

(3)

   

(a)

(b)

 

 

(For Imported Goods)

  (For Export Goods)

1.

Australian Dollar

51.10

49.35

2.

Bahrain Dinar

179.50

167.40

3.

Canadian Dollar               

49.85

48.30

4.

Chinese Yuan

9.65

9.30

5.

Danish Kroner

9.60

9.25

6.

EURO

71.30

68.85

7.

Hong Kong Dollar

8.55

8.30

8.

Kuwait Dinar

221.10

206.80

9.

New Zealand Dollar

46.50

44.85

10.

Norwegian Kroner

7.80

7.55

11.

Pound Sterling

81.55

78.85

12.

Qatari Riyal

18.55

17.55

13.

Saudi Arabian Riyal

18.00

16.85

14.

Singapore Dollar

47.20

45.75

15.

South African Rand

5.25

4.90

16.

Swedish Kroner

7.50

7.25

17.

Swiss Franc

66.50

64.20

18.

UAE Dirham

18.40

17.20

19.

US Dollar

66.20

64.50

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

58.55

56.65

2.

Kenya Shilling

65.75

61.45

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DSM/VKS/KA

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