Rate of exchange from 01/10

CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai) (26986 Points)

02 October 2011

Notification No. 70/2011-Customs (N.T.), Dated- 28^th September, 2011

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 theGovernment of India in the Ministry of Finance(Department of Revenue) No.62/2011-CUSTOMS (N.T.), dated the 26^th August, 2011 vide number S.O.1975 (E), dated the 26^th August, 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 1^st October, 2011 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	49.10	47.80
2.	Canadian Dollar	48.60	47.45
3.	Danish Kroner	9.10	8.80
4.	EURO	67.30	65.75
5.	Hong Kong Dollar	6.35	6.25
6.	Norwegian Kroner	8.65	8.40
7.	Pound Sterling	77.50	75.75
8.	Swedish Kroner	7.35	7.10
9.	Swiss Franc	55.25	53.75
10.	Singapore Dollar	38.60	37.75
11.	US Dollar	49.60	48.80

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	65.35	63.55