RAMESH KUMAR VERMA (pursuing company secretary course) 01 July 2010

EXCHANGE RATE FOR EXPORT AND IMPORT FOR THE MONTH JULY 2010

DEAR IMPORTER & EXPORTER OF INDIA KIND ATTN HERE IS THE EXCHANGE RATE ANNOUNCED BY THE CBEC, DEPARTMENT OF REVENUE, :-

[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. 50/2010 - Customs (N.T.)

DATED THE 28^th 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 26^th May, 2010 vide number S.O.1239 (E), dated the 26^th 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 1^st 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