Notification No.24/2014-Customs (N.T.),  DATED THE 20th March, 2014

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.15/2014-CUSTOMS (N.T.), dated the 6th March, 2014 vide number S.O.694 (E), dated the 6th March, 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 21st March, 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

55.85

54.50

2.

Bahrain Dinar

167.10

157.90

3.

Canadian Dollar

55.10

53.75

4.

Danish Kroner

11.55

11.15

5.

EURO

85.65

83.65

6.

Hong Kong Dollar

7.95

7.80

7.

Kuwait Dinar

223.75

211.35

8.

New Zealand Dollar

52.95

51.45

9.

Norwegian Kroner

10.25

9.95

10.

Pound Sterling

102.45

100.20

11.

Singapore Dollar

48.60

47.55

12.

South African Rand

5.80

5.45

13.

Saudi Arabian Riyal

16.80

15.90

14.

Swedish Kroner

9.70

9.40

15.

Swiss Franc

70.35

68.60

16.

UAE Dirham

17.15

16.20

17.

US Dollar

61.75

60.75

  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

60.55

59.10

2.

Kenya Shilling

73.00

68.85

 [F.No.468/01/2014-Cus.V]

 (Akshay Joshi )

Under Secretary, Government of India

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0 responses to “Rate of exchange of conversion of each of foreign currency wef 21st March, 2014”

  1. Ankit Malik says:

    Dear all,

    I have a question related to this notification.

    the rate mentioned above in the notification will be same in the case of service industry.

    Thanks
    Ankit

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