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

UNIVERSAL KNOWLEDGE HUB

[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 16th 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 1st October, 2014 vide number S.O. 2574 (E), dated the 1st 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 17th 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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