CUSTOM NOTIFICATION NO. 09/2014, DATED 06-02-2014

Rate of exchange of conversion of each of the foreign currency w.e.f. 07.02.2014

[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.9/2014-Customs (N.T.)

 

DATED THE 6th February, 2014
17 Magha, 1935(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.3/2014-CUSTOMS (N.T.), dated the 16th January, 2014 vide number S.O.118 (E), dated the 16th January, 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 7th February, 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 56.65 55.25
2. Bahrain Dinar 170.35 161.05
3. Canadian Dollar                57.10 55.80
4. Danish Kroner 11.50 11.15
5. EURO 85.45 83.45
6. Hong Kong Dollar 8.10 8.00
7. Kuwait Dinar 227.35 214.40
8. New Zealand Dollar 52.10 50.80
9. Norwegian Kroner 10.15 9.85
10. Pound Sterling 102.90 100.65
11. Singapore Dollar 49.75 48.55
12. South African Rand 5.80 5.45
13. Saudi Arabian Riyal 17.15 16.20
14. Swedish Kroner 9.70 9.40
15. Swiss Franc 69.95 68.05
16. UAE Dirham 17.50 16.55
17. US Dollar 62.95 61.95
 
 
 

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 62.25 60.75
2. Kenya Shilling 74.60 70.45
         
 
 
 

[F.No.468/01/2014-Cus.V]
 
(Akshay Joshi )
Under Secretary Govt. of India (TRU)
 

 

Opinion

This notification seeks to amend the notification no. 3/2014-Cus. (N.T.) dt. 16/01/2014 issued by CBEC for the purpose of conversion of exchange value of Import and Export goods in different foreign currency into Indian rupees. This rate is applied until and unless other notification is issued by the CBEC. This rate will be applicable with effect from 7 February, 2014. The following table depicts the changes made in different foreign currency:

SCHEDULE-I

 
S.No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)     (2) (3)      
    Prior Rate New rate Prior Rate New rate
    (For Imported Goods)   (For Export Goods)
1. Australian Dollar 55.05 56.65 53.70 55.25
2. Bahrain Dinar 168.30 170.35 159.10 161.05
3. Canadian Dollar                57.05 57.10 55.75 55.80
4. Danish Kroner 11.45 11.50 11.10 11.15
5. EURO 85.05 85.45 83.05 83.45
6. Hong Kong Dollar 8.00 8.10 7.90 8.00
7. Kuwait Dinar 224.60 227.35 211.60 214.40
8. New Zealand Dollar 52.10 52.10 50.65 50.80
9. Norwegian Kroner 10.20 10.15 9.90 9.85
10. Pound Sterling 102.15 102.90 99.90 100.65
11. Singapore Dollar 48.95 49.75 47.90 48.55
12. South African Rand 5.85 5.80 5.50 5.45
13. Saudi Arabian Riyal 16.90 17.15 16.00 16.20
14. Swedish Kroner 9.70 9.70 9.40 9.40
15. Swiss Franc 68.70 69.95 67.05 68.05
16. UAE Dirham 17.30 17.50 16.35 16.55
17. US Dollar 62.20 62.95 61.20 61.95
 
 

SCHEDULE-II

 
S.No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)     (2) (3)      
    Prior Rate New rate Prior Rate New rate
    (For Imported Goods)   (For Export Goods)
1. Japanese Yen 59.55 62.25 58.15 60.75
2. Kenya Shilling 74.00 74.60 69.85 70.45