Friday, 7 September 2012

Rate of Exchange effective from 07/09/2012 for Indirect Tax

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]

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

Notification No. 80/2012 - Customs (N.T.)

Dated the 6th September, 2012
15 Bhadrapada, 1934(SAKA)


            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.75/2012-CUSTOMS (N.T.), dated the 16th August, 2012 vide number S.O.1851 (E), dated the 16th August, 2012, 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 7th September, 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
57.60
56.35
2.
Bahrain Dinar
152.05
143.95
3.
Canadian Dollar               
57.20
55.90
4.
Danish Kroner
9.50
9.25
5.
EURO
70.65
69.05
6.
Hong Kong Dollar
7.25
7.15
7.
Kenya Shilling
67.75
64.00
8.
Kuwait Dinar
203.40
191.90
9.
New Zealand Dollar
44.95
43.75
10.
Norwegian Kroner
9.75
9.45
11.
Pound Sterling
89.35
87.60
12.
Singapore Dollar
45.10
44.20
13.
South African Rand
6.85
6.40
14.
Saudi Arabian Riyal
15.30
14.45
15.
Swedish Kroner
8.40
8.15
16.
Swiss Franc
58.85
57.50
17.
UAE Dirham
15.60
14.75
18.
US Dollar
56.20
55.35

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
72.00
             70.20


[F.No.468/15/2012-Cus.V]


(ABHINAV GUPTA)
UNDER SECRETARY TO THE GOVT. OF INDIA
TELE: 2309 4610

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