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Exchange Rates Notification No.1/2018-Custom(NT) dated 4.1.2018

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF EXCISE AND CUSTOMS)

*****

Notification No.1/2018 – Customs (N.T.)

New Delhi, dated the 4th January, 2018

14 Pausha 1939 (SAKA)

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.118/2017-CUSTOMS (N.T.), dated 21st December, 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 5th January, 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 50.80  48.85
2. Bahrain Dinar 174.55 163.25
3. Canadian Dollar 51.60 49.95
4. Chinese Yuan 9.95 9.60
5. Danish Kroner 10.50 10.05
6. EURO 77.70 75.05
7. Hong Kong Dollar 8.25 8.00
8. Kuwait Dinar 218.45 204.15
9. New Zealand Dollar 45.95 44.30
10. Norwegian Kroner 8.00 7.70
11. Pound Sterling 87.55 84.65
12. Qatari Riyal 18.00 17.00
13. Saudi Arabian Riyal 17.55 16.40
14. Singapore Dollar 48.55 47.05
15. South African Rand 5.30 4.05
16. Swedish Kroner 7.95 7.65
17. Swiss Franc 66.15 63.95
18. UAE Dirham 17.90 16.75
19. US Dollar 64.50 62.80

 

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 57.45  55.50
2. Kenya Shilling 64.90 60.65

[F.No. 468/01/2018-Cus.V]

(Dr. Sreeparvathy S.L.)

Under Secretary to the Govt. of India

TELE: 011-2309 5541

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