image

Exchange Rate of Foreign Currency Notified w.e.f 06.10.2017

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 Excise and Customs No.90/2017-CUSTOMS (N.T.), dated  21st  September, 2017, 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 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 6th October, 2017, 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 51.95 50.15
2. Bahrain Dinar 178.60 166.90
3. Canadian Dollar 53.00 51.35
4. Chinese Yuan 9.95 9.65
5. Danish Kroner 10.50 10.10
6. EURO 77.85 75.20
7. Hong Kong Dollar 8.45 8.20
8. Kuwait Dinar 223.10 208.45
9. New Zealand Dollar 47.50 45.80
10. Norwegian Kroner 8.35 8.05
11. Pound Sterling 87.75 84.85
12. Qatari Riyal 18.40 17.40
13. Saudi Arabian Riyal 17.95 16.80
14. Singapore Dollar 48.50 47.00
15. South African Rand 4.95 4.65
16. Swedish Kroner 8.20 7.90
17. Swiss Franc 68.00 65.60
18. UAE Dirham 18.35 17.15
19. US Dollar 65.95 64.30

 

 

 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 58.75 56.80
2. Kenya Shilling 65.30 61.00

NOTIFICATION ON EXCHANGE RATE OF FOREIGN CURRENCY

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates