CBEC declares Rate of exchange of conversion of each of the foreign currency with effect from 1st January, 2012

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Notification No.88 / 2011 – Customs (N.T.), Dated the 28^th December, 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 the Government of India in the Ministry of Finance (Department of Revenue) No.82/2011-CUSTOMS (N.T.), dated the 28^th November, 2011 vide number S.O. 2684(E), dated the 28^th 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 1^st 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 currency equivalent to Indian rupees
(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 currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1.	Japanese Yen	68.65	66.90