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Date: 28-06-2010
Notification No: CUSTOMS Notification No 50/2010 (NT)
Issuing Authority: Indian Customs  
Type: Non Tariff
File No: F.No.468/8/2010-Cus.V
Subject: Exchange Rate notification for Import / Export of goods with effect from 1st July, 2010

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

Notification No. 50/2010 - Customs (N.T.)

DATED THE 28th June, 2010

7 Asadha, 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.42/2010-CUSTOMS (N.T.), dated the 26th May, 2010 vide number S.O.1239 (E), dated the 26th May, 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 July, 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   40.70   39.60
2.   Canadian Dollar    45.25   43.95
3.   Danish Kroner   7.85   7.55
4.   EURO   58.10   56.50
5.   Hong Kong Dollar   6.05   5.90
6.   Norwegian Kroner   7.25   7.05
7.   Pound Sterling   70.40   68.55
8.   Swedish Kroner   6.05   5.90
9.   Swiss Franc   42.75   41.65
10.   Singapore Dollar   33.80   32.95
11.   US Dollar   46.95   46.00

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   52.65   51.15

(M. Satish Kumar Reddy)
DIRECTOR TO THE GOVT. OF INDIA
TELE: 2309 3380

[F.No.468/8/2010-Cus.V]

       

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