Avinash Vasant Bhavsar (Sr Commercial Officer) (208 Points)
12 January 2012Dear Expert,
Nice Good Morning,
Today we are going to Export to USA kindly give me this month USD rate.
Warm Regards,
Avinash Bhavsar
Avinash Vasant Bhavsar
(Sr Commercial Officer)
(208 Points)
Replied 12 January 2012
Dear Sir,
I got it from notification dated 28th dec 2010.
Thanks
T.S.CHANDRASEKARAN
(CHARTERED ACCOUNTANT)
(60 Points)
Replied 12 January 2012
forex rates are fixed by Customs at the end of the month for full next month.it wont change every day for customs purposes
go to www.cbec.gov.in
under customs click notifications.you can find under non tariff a notification containing exchange rates
for imports and exports for each foreign currency.Normally this notification is issued by end of the month-say 2/3 days
T.S.CHANDRASEKARAN
(CHARTERED ACCOUNTANT)
(60 Points)
Replied 12 January 2012
forex rates are fixed by Customs at the end of the month for full next month.it wont change every day for customs purposes
go to www.cbec.gov.in
under customs click notifications.you can find under non tariff a notification containing exchange rates
for imports and exports for each foreign currency.Normally this notification is issued by end of the month-say 2/3 days
satya
(Executive Excise)
(1839 Points)
Replied 14 January 2012
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No.88 / 2011 - Customs (N.T.)
Dated the 28th December, 2011
7 Pausha, 1933(SAKA)
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.82/2011-CUSTOMS (N.T.), dated the 28th November, 2011 vide number S.O. 2684(E), dated the 28th November, 2011, 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 January, 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 |
|
|
(1) |
(2) |
(3) |
|
|
(a) |
(b) |
||
|
(For Imported Goods) |
(For Export Goods) |
||
|
1. |
Australian Dollar |
54.30 |
53.10 |
|
2. |
Canadian Dollar |
52.35 |
51.15 |
|
3. |
Danish Kroner |
9.40 |
9.15 |
|
4. |
EURO |
69.90 |
68.30 |
|
5. |
Hong Kong Dollar |
6.85 |
6.75 |
|
6. |
Norwegian Kroner |
9.00 |
8.70 |
|
7. |
Pound Sterling |
83.45 |
81.65 |
|
8. |
Swedish Kroner |
7.80 |
7.55 |
|
9. |
Swiss Franc |
57.10 |
55.80 |
|
10. |
Singapore Dollar |
41.30 |
40.35 |
|
11. |
US Dollar |
53.25 |
52.45 |
SCHEDULE-II
|
S.No. |
Foreign Currency |
Rate of exchange of 100 units of foreign |
|
|
(1) |
(2) |
(3) |
|
|
(a) |
(b) |
||
|
(For Imported Goods) |
(For Export Goods) |
||
|
1. |
Japanese Yen |
68.65 |
66.90 |
(Abhinav gupta)
Under Secretary to the Govt. of India
CAclubindia
