Date: 2014-07-03Category: Extra OrdinaryState: Union GovernmentCountry: India
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 4th July, 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.
Executive Summary:
This notification issued by the Central Board of Excise and Customs determines the rate of exchange for converting foreign currencies into Indian Rupees and vice versa for imported and exported goods. It is effective from July 4, 2014. This notification supersedes a previous notification (No. 47/2014-CUSTOMS N.T.) dated June 19, 2014, with exceptions for actions already completed.
Key Points / Main Content:
* **Authority:** Issued under Section 14 of the Customs Act, 1962.
* **Supersession:** This notification supersedes Notification No. 47/2014-CUSTOMS N.T., dated June 19, 2014.
* **Effective Date:** The determined exchange rates are effective from July 4, 2014.
* **Exchange Rates:**
* Schedule I specifies the rate of exchange for one unit of various foreign currencies (Australian Dollar, Bahrain Dinar, Canadian Dollar, Danish Kroner, EURO, Hong Kong Dollar, Kuwait Dinar, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Singapore Dollar, South African Rand, Saudi Arabian Riyal, Swedish Kroner, Swiss Franc, UAE Dirham, US Dollar) into Indian Rupees for both imported and exported goods.
* Schedule II specifies the rate of exchange for 100 units of Japanese Yen and Kenya Shilling into Indian Rupees for both imported and exported goods.
Impact Analysis:
* **Importers and Exporters:**
* Impact: Determines the conversion rate used for calculating duties and taxes on imported and exported goods.
* Action Required: Use the specified exchange rates for transactions from July 4, 2014.
* **Customs Officials:**
* Impact: Required to use the specified exchange rates for assessing duties and taxes.
* Action Required: Implement the new exchange rates for all relevant transactions from July 4, 2014.
Key Entities Referenced
New Delhi: The city in India where the notification was issued.
Customs Act, 1962: An Indian law that governs customs, as mentioned in the document (section 14).
Central Board of Excise and Customs: The Indian government body that determines the rate of exchange for foreign currencies.
Ministry of Finance: The Indian government ministry under which the Department of Revenue and Central Board of Excise and Customs operate.
Department of Revenue: A department within the Ministry of Finance, Government of India.
Akshay Joshi: Under Secretary, whose name appears at the end of the notification.
Australian Dollar: A foreign currency listed in Schedule I for exchange rates.
Indian Rupees: The currency into which foreign currencies are converted, as detailed in the schedules.
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (ii)
PART II—Section 3—Sub-section (ii)
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 1412] ubZ fnYyh] c``gLifrokj] tqykbZ 3] 2014@vk"kk<+ 12] 1936
No. 1412] NEW DELHI, THURSDAY, JULY 3, 2014/ASHADHA 12, 1936
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) ममममं(cid:7)ं(cid:7)ं(cid:7)ं(cid:7)ााााललललयययय
((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वववव ििििववववभभभभाााागगगग))))
((((कककक(cid:11)(cid:11)(cid:11)(cid:11)(cid:12)(cid:12)(cid:12)(cid:12)ीीीीयययय उउउउ(cid:16)(cid:16)(cid:16)(cid:16)पपपपाााादददद शशशश(cid:21)(cid:21)ुु(cid:21)(cid:21)ुु कककक एएएएवववव ंं ंंससससीीीीममममाााा शशशश(cid:21)(cid:21)ुु(cid:21)(cid:21)ुु कककक बबबबोोोोडडडड))(cid:29)(cid:29)))(cid:29)(cid:29)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 3 जुलाई, 2014
सं. 49/2014-सीमा शु(cid:6)क (गै. टै.)
————
ककककाााा....आआआआ.... 1111666688884444((((अअअअ)))). सीमा शु(cid:6)क अिधिनयम, 1962 (1962 का 52 ) क(cid:19) धारा 14 (cid:21)ारा (cid:22)द(cid:23) शि(cid:24)य(cid:25) का
(cid:22)योग करते (cid:30)ए और भारत सरकार के िव(cid:23) मं$ालय (राज&व िवभाग) क(cid:19) का.आ. 1565(अ), (cid:4)दनांक 19 जनू ,
2014 के ज'रए जारी अिधसूचना स.ं 47/2014-सीमा शु(cid:6)क (गै. टै.), (cid:4)दनांक 19 जून, 2014 को अिध*ातं
करत े (cid:30)ए, ऐसे (cid:22)ित&थापन से पूव. क(cid:19) गई अथवा (cid:4)कए जाने से लोप क(cid:19) गई बात(cid:25) को छोड़कर, क23ीय उ5पाद शु(cid:6)क
,rn~}kjk I II
एवं सीमा शु(cid:6)क बोड . िनधा.'रत करता ह ै (cid:4)क इसके साथ संल: अनसु ूची- और अनुसचू ी- म2 से (cid:22)5यके के
कॉलम (2) म2 िविन;द< (cid:22)5येक िवदशे ी मु3ा के भारतीय मु3ा म2 संप'रवत.न और भारतीय मु3ा के िवदशे ी
मु3ा म2 संप'रवत.न क(cid:19) िविनमय दर 4 जुलाई, 2014 स े वह होगी जो आयाितत माल और िनया.त माल के संबंध म2
उ(cid:24) धारा के उ>?े य के िलए उसके कॉलम (3) म2 दी गई त5संबंधी (cid:22)िवि< म2 उि(cid:6)लिखत ह ै -
I
अअअअननननससुुससुु चचूूचचूू ीीीी----
Ø #
. सं. िवदशे ी मु3ा भारतीय . के समतु(cid:6)य िवदशे ी मु3ा क(cid:19) एक इकाई क(cid:19) िविनमय दर
(1) (2) (3)
(क) (ख)
(आयाितत माल के िलए) (िनया.त माल के िलए)
1. आ&Bेिलयन डालर 56.65 55.10
2. बाहरेनी दीनार 162.70 153.70
2727 GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. कनेिडयन डालर 56.55 55.10
4. डिे नश *ोनर 11.10 10.75
5. यूरो 82.35 80.40
6. हांग कांग डालर 7.75 7.60
7. कुवैती दीनार 217.65 205.40
8. CयूजीलDड डालर 52.90 51.55
9. नॉवEिजयन *ोनर 9.80 9.50
10. पाउFड &टHलग 103.40 101.10
11. Iसगापुर डालर 48.30 47.20
12. साउथ अJ(cid:19)कन रDड 5.70 5.40
13. साऊदी अरेिबयन 'रयाल 16.35 15.45
14. &वीिडश *ोनर 9.00 8.75
15. ि&वस JDक 67.90 66.05
16. य.ू ए. इ. (cid:4)दरहम 16.70 15.80
17. यू . एस. डालर 60.10 59.10
II
अअअअननननससुुससुु चचूूचचूू ीीीी----
Ø #
.सं. िवदशे ी मु3ा भारतीय . के समतु(cid:6)य िवदशे ी मु3ा क(cid:19) 100 इकाई क(cid:19) िविनमय दर
(1) (2) (3)
(क) (ख)
(आयाितत माल के िलए) (िनया.त माल के िलए)
1. जापानी येन 59.25 57.80
2. केCयन िशI(cid:6)लग 70.00 65.95
V
[फा. सं. 468 /01/2014 - सीमा शु(cid:6)क- ]
अKय जोशी, अवर सिचव
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)
NOTIFICATION
New Delhi, the 3rd July, 2014
No. 49/2014-CUSTOMS (N.T.)
S.O. 1684(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. 47/2014-CUSTOMS (N.T.), dated the 19th June, 2014 vide number S.O. 1565(E), dated the 19th June, 2014, 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 4th July, 2014 be¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
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 55.10
2. Bahrain Dinar 162.70 153.70
3. Canadian Dollar 56.55 55.10
4. Danish Kroner 11.10 10.75
5. EURO 82.35 80.40
6. Hong Kong Dollar 7.75 7.60
7. Kuwait Dinar 217.65 205.40
8. New Zealand Dollar 52.90 51.55
9. Norwegian Kroner 9.80 9.50
10. Pound Sterling 103.40 101.10
11. Singapore Dollar 48.30 47.20
12. South African Rand 5.70 5.40
13. Saudi Arabian Riyal 16.35 15.45
14. Swedish Kroner 9.00 8.75
15. Swiss Franc 67.90 66.05
16. UAE Dirham 16.70 15.80
17. US Dollar 60.10 59.10
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 59.25 57.80
2. Kenya Shilling 70.00 65.95
[F. No. 468/01/2014-Cus.V]
AKSHAY JOSHI, Under Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.