October 20, 2014

CA-CS-ICWA-TAX PROFESSIONALS PORTAL - Notification 98/2014-Customs- Rate of exchange of conversion of each of the foreign currency with effect from October 17 , 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 98/2014-Customs (N.T.)

DATED THE 16^th October, 2014

24 Asvina, 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.96/2014-CUSTOMS (N.T.), dated the 1^st October, 2014 vide number S.O. 2574 (E), dated the 1^st October, 2014, except as respects things done or omitted to be done before such super session, 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 17^th October, 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	54.75	53.45
2.	Bahrain Dinar	167.95	158.80
3.	Canadian Dollar	55.30	54.05
4.	Danish Kroner	10.75	10.45
5.	EURO	79.90	78.00
6.	Hong Kong Dollar	8.00	7.85
7.	Kuwait Dinar	220.00	207.55
8.	New Zealand Dollar	49.80	48.40
9.	Norwegian Kroner	9.55	9.25
10.	Pound Sterling	99.45	97.25
11.	Singapore Dollar	48.95	47.90
12.	South African Rand	5.70	5.40
13.	Saudi Arabian Riyal	16.90	15.95
14.	Swedish Kroner	8.70	8.45
15.	Swiss Franc	66.20	64.60
16.	UAE Dirham	17.25	16.30
17.	US Dollar	62.05	61.05

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	58.70	57.30
2.	Kenya Shilling	71.25	67.05

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

(SATYAJIT MOHANTY)

DIRECTOR (ICD)

TELE: 2309 3380

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