Economy, Money, Service Tax, Stock market
Rate of Exchange of Foreign Currency Conversion From 19.08.2016
Jan
Rate of Exchange of Foreign Currency Conversion From 19.08.2016. Govt of India issued Notification No. 112/2016 – Customs (N.T.) for New Foreign Currency Conversion Rates applicable from 19th August 2016. Check Currency Conversion Rates for India. Check Foreign Currency Convertor Rates WEF 19th August 2016. In this article we provide complete details for Rates of Exchange of Foreign Currency Conversion. Recently Govt of india issued updated rate list on 18th August 2016, Please check all updated currency conversion rates from below….
Rate of Exchange of Foreign Currency Conversion
Notification No. 112/2016 – Customs (N.T.)
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 Central Board of Excise and Customs No. 106/2016-CUSTOMS (N.T.), dated 4th August, 2016, 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 currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 19th August, 2016, 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-II
| 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 | 52.50 | 50.55 |
| 2. | Bahrain Dinar | 183.75 | 171.45 |
| 3. | Canadian Dollar | 52.95 | 51.30 |
| 4. | Danish Kroner | 10.35 | 9.95 |
| 5. | EURO | 76.90 | 74.30 |
| 6. | Hong Kong Dollar | 8.75 | 8.50 |
| 7. | Kuwait Dinar | 229.50 | 214.70 |
| 8. | Kuwait Dinar | 49.65 | 47.90 |
| 9. | Norwegian Kroner | 8.30 | 8.00 |
| 10. | Pound Sterling | 88.75 | 85.90 |
| 11. | Singapore Dollar | 50.75 | 49.10 |
| 12. | South African Rand | 5.20 | 4.85 |
| 13. | Saudi Arabian Riyal | 18.45 | 17.25 |
| 14. | Swedish Kroner | 8.10 | 7.80 |
| 15. | Swiss Franc | 70.75 | 68.45 |
| 16. | UAE Dirham | 18.80 | 17.65 |
| 17. | US Dollar | 67.75 | 66.05 |
| 18. | Chinese Yuan | 10.25 | 9.95 |
SCHEDULE-II
| 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 | 68.10 | 65.80 |
| 2. | Kenya Shilling | 68.20 | 63.75 |
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