May 16, 2014

CA-CS-ICWA-TAX PROFESSIONALS PORTAL - Notification 41/2014-Customs- Rate of exchange of conversion of each of the foreign currency with effect from May 16 , 2014

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[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. 41/2014 - Customs (N.T.)


Dated the 15th May, 2014
25 Vaisakha, 1936(SAKA)

S.O.       (E). – 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.38/2014-CUSTOMS (N.T.), dated the 1st May, 2014 vide number S.O.         (E), dated the 1st May, 2014, 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 16th May, 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 Dollar
56.50
55.10
2.
Bahrain Dinar
162.70
153.70
3.
Canadian Dollar               
55.55
54.10
4.
Danish Kroner
11.15
10.80
5.
EURO
82.80
80.85
6.
Hong Kong Dollar
7.75
7.60
7.
Kuwait Dinar
217.90
205.45
8.
New Zealand Dollar
52.30
51.00
9.
Norwegian Kroner
10.20
9.90
10.
Pound Sterling
101.15
98.85
11.
Singapore Dollar
48.20
47.10
12.
South African Rand
6.00
5.60
13.
Saudi Arabian Riyal
16.35
15.45
14.
Swedish Kroner
9.25
8.95
15.
Swiss Franc
67.90
66.25
16.
UAE Dirham
16.70
15.80
17.
US Dollar
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
57.80
2.
Kenya Shilling
70.35
66.30


[F.No.468/01/2014-Cus.V]


(SATYAJIT MOHANTY)
Director (ICD)
Tele: 2309 3380

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