F. No. 468/01/2016-Cus.V

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF EXCISE AND CUSTOMS)

Notification No. 87/2016 – Customs (N.T.)

New Delhi, dated the 16th June, 2016

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 Central Board of Excise and Customs No. 80/2016-CUSTOMS (N.T.), dated 2nd June, 2016, 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 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 17th June, 2016, 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

Sl.No. Foreign CurrencyRate 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

50.55

48.75

2.

Bahrain Dinar

184.50

172.20

3.

Canadian Dollar

52.75

51.15

4.

Danish Kroner

10.35

10.00

5.

EURO

76.90

74.30

6.

Hong Kong Dollar

8.75

8.55

7.

Kuwait Dinar

230.50

215.70

8.

New Zealand Dollar

48.50

46.60

9.

Norwegian Kroner

8.25

7.95

10.

Pound Sterling

96.95

93.90

11.

Singapore Dollar

50.50

48.95

12.

South African Rand

4.55

4.25

13.

Saudi Arabian Riyal

18.50

17.35

14.

Swedish Kroner

8.25

7.95

15.

Swiss Franc

71.25

68.75

16.

UAE Dirham

18.90

17.70

17.

US Dollar

68.05

66.35

18.

Chinese Yuan

10.40

10.05

 SCHEDULE-II

Sl.No. Foreign CurrencyRate 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 Yen65.2563.10
2.Kenya Shilling68.6064.15

(Kshitendra Verma)

Under Secretary to the Govt. of India

TELE: 011-2309 5541

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