In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.49/2020-Customs(N.T.), dated 4th June, 2020 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 II annexed hereto, into Indian currency or vice versa, shall, with effect from 19th June, 2020, 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 (For Exported Goods) Goods)
1. Australian Dollar 53.55 51.25
2. Bahraini Dinar 208.45 195.40
3. Canadian Dollar 57.15 55.20
4. Chinese Yuan 10.95 10.60
5. Danish Kroner 11.70 11.30
6. EURO 87.25 84.20
7. Hong Kong Dollar 10.00 9.65
8. Kuwaiti Dinar 255.85 239.90
9. New Zealand Dollar 50.40 48.15
10. Norwegian Kroner 8.15 7.85
11. Pound Sterling 97.30 94.00
12. Qatari Riyal 21.60 20.30
13. Saudi Arabian Riyal 20.95 19.70
14. Singapore Dollar 55.65 53.80
15. South African Rand 4.55 4.30
16. Swedish Kroner 8.30 8.00
17. Swiss Franc 81.85 78.75
18. Turkish Lira 11.45 10.80
19. UAE Dirham 21.40 20.10
20. US Dollar 77.05 75.35
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 (For Exported Goods) Goods)
1. Japanese Yen 72.60 70.00
2. Korean Won 6.50 6.10
Courtesy: pib.gov.in
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