Ministry of Finance TheDollarBusiness

CBEC Exchange Rates W.e.f. October 6th, 2016

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 Central Board of Excise & Customs No.121/2016-CUSTOMS (N.T.), dated 15th September, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 7th October, 2016, 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.

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(Kshitendra Verma)
Under Secretary to the Govt. of India

Issued by:
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
New Delhi

The Dollar Business Bureau - Oct 07, 2016 12:00 IST