CBEC determines the Rate of Exchange of Foreign Currency in to INR for Custom Duty Valuation

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No. 9/2012- Customs (N.T.)

DATED THE 30^th January, 2012

10 Magha, 1933(SAKA)

            S.O.       (E). – 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 Government of India in the Ministry of Finance (Department of Revenue) No.88/2011-CUSTOMS (N.T.), dated the 28^th December, 2011 vide number S.O.2914(E), dated the 28^th December, 2011, 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 currency specified in column (2) of each of Schedule I and  Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1^st February, 2012 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 Dollar	53.45	52.20
2.	Canadian Dollar	50.30	49.00
3.	Danish Kroner	8.90	8.65
4.	EURO	66.00	64.40
5.	Hong Kong Dollar	6.45	6.35
6.	Norwegian Kroner	8.65	8.60
7.	Pound Sterling	78.90	77.15
8.	Swedish Kroner	7.45	7.25
9.	Swiss Franc	54.70	53.35
10.	Singapore Dollar	40.05	39.10
11.	US Dollar	50.20	49.40

 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	65.40	63.65

[F.No.468/03/2012-Cus.V]

(ABHINAV GUPTA)

UNDER SECRETARY TO THE GOVT. OF INDIA

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