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Date: 28-09-2010
Notification No: CUSTOMS Notification No 85/2010 (NT)
Issuing Authority: Indian Customs  
Type: Non Tariff
File No: F.No.468/11/2010-Cus.V
Subject: Exchange Rate notification for Import / Export of goods with effect from 1st October, 2010

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No.85/2010 - Customs (N.T.)

DATED THE 28th September, 2010
6 Asvina, 1932(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.77/2010-CUSTOMS (N.T.), dated the 27th August, 2010 vide number S. O. 2097 (E), dated the 27th August, 2010, 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 October, 2010 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   43.90   42.60
2.   Canadian Dollar   44.75   43.40
3.   Danish Kroner   8.30   8.00
4.   EURO   61.70   59.90
5.   Hong Kong Dollar   5.90   5.75
6.   Norwegian Kroner   7.80   7.55
7.   Pound Sterling   72.40   70.55
8.   Swedish Kroner   6.75   6.50
9.   Swiss Franc   46.55   45.15
10.   Singapore Dollar   34.65   33.70
11.   US Dollar   45.60   44.70

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   54.40   52.80

(ABHINAV GUPTA)
UNDER SECRETARY TO THE GOVT. OF INDIA
TELE: 2309 4610
[F.No.468/11/2010-Cus.V]

       

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