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
What is the advance treatment in GST in case of import ?
Please advise us.
Dear Sir,
What is the advance treatment in case of import ?
Please advise us