GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)

Notification No. 43/2017 – Customs (N.T.)

New Delhi, dated the 4th May, 2017

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 Central Board of Excise and Customs No. 40/2017- CUSTOMS (N.T.), dated 20th April, 2017, 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 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 05th May, 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

Sr. 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 48.65 46.75
2. Bahrain Dinar 176.50 164.55
3. Canadian Dollar 47.60 46.05
4. Chinese Yuan 9.45 9.15
5. Danish Kroner 9.60 9.25
6. EURO 71.25 68.80
7. Hong Kong Dollar 8.35 8.15
8. Kuwait Dinar 218.35 204.10
9. New Zealand Dollar 45.05 43.45
10. Norwegian Kroner 7.55 7.30
11. Pound Sterling 84.10 81.30
12. Qatari Riyal 18.15 17.15
13. Saudi Arabian Riyal 17.70 16.55
14. Singapore Dollar 46.75 45.20
15. South African Rand 4.95 4.60
16. Swedish Kroner 7.40 7.15
17. Swiss Franc 65.75 63.55
18. UAE Dirham 18.10 16.90
19. US Dollar 65.10 63.40

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 57.95 56.00
2. Kenya Shilling 64.50 60.25

[F.No. 468/01/2017-Cus.V]

(Kshitendra Verma)

Under Secretary to the Govt. of India
TELE: 011- 23095541

More Under Custom Duty

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Category : Custom Duty (6465)

2 responses to “Customs Rate of foreign currency exchange WEF 5th May, 2017”

  1. What is the advance treatment in GST in case of import ?
    Please advise us.

  2. Dear Sir,

    What is the advance treatment in case of import ?
    Please advise us

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