[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.88 / 2011 - Customs (N.T.)
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Dated the 28 December, 2011
7 Pausha, 1933(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.82/2011-
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CUSTOMS (N.T.), dated the 28 November, 2011 vide number S.O. 2684(E), dated
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the 28 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
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versa shall, with effect from 1 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
[F.No.468/15/2011-Cus.V]
(Abhinav gupta)
Under Secretary to the Govt. of India
Tele: 2309 4610