NOTIFICATION NO. 14/2012-CUSTOMS (N.T.)

DATED THE 27th February, 2012

S.O. (E). – 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 Government of India in the Ministry of Finance (Department of Revenue) No.9/2012-CUSTOMS (N.T.), dated the 30th January, 2012 vide number S.O. 189 (E), dated the 30th January, 2012, 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 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 1st March, 2012 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 53.25 52.00
2. Canadian Dollar  49.80 48.50
3. Danish Kroner 8.95 8.70
4. EURO 66.35 64.75
5. Hong Kong Dollar 6.40 6.25
6. Norwegian Kroner 8.85 8.60
7. Pound Sterling 78.05 76.30
8. Swedish Kroner 7.50 7.30
9. Swiss Franc 55.05 53.70
10. Singapore Dollar 39.55 38.65
11. US Dollar 49.40 48.60

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 61.85 60.25

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