Thursday 19 July 2018

Exchange Rate of Foreign Currency relating to Imported and Export Goods notified



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 Indirect Taxes and Customs No.60/2018-CUSTOMS (N.T.), dated 5th July, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and 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 IIannexed hereto, into Indian currency or vice versa, shall, with effect from 20thJuly, 2018, 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


Sl.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
52.40
50.10
2.
Bahrain Dinar
187.80
175.85
3.
Canadian Dollar               
53.25
51.35
4.
Chinese Yuan
10.35
10.05
5.
Danish Kroner
10.95
10.55
6.
EURO
81.60
78.60
7.
Hong Kong Dollar
8.90
8.60
8.
Kuwait Dinar
234.60
219.60
9.
New Zealand Dollar
48.05
45.85
10.
Norwegian Kroner
8.60
8.25
11.
Pound Sterling
91.55
88.30
12.
Qatari Riyal
19.45
18.40
13.
Saudi Arabian Riyal
18.95
17.75
14.
Singapore Dollar
51.20
49.40
15.
South African Rand
5.35
5.00
16.
Swedish Kroner
7.90
7.60
17.
Swiss Franc
70.30
67.40
18.
UAE Dirham
19.35
18.15
19.
US Dollar
69.60
67.90

SCHEDULE-II


Sl.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
62.20
59.85

Courtesy:pib.nic.in

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