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Exchange Rate for conversion of Foreign Currency effective from 2nd March, 2018

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF EXCISE AND CUSTOMS)

*****

Notification No. 18 /2018 – Customs (N.T.)

New Delhi, dated the 1st March, 2018

10 Phalguna 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.13/2018-CUSTOMS (N.T.), dated 15th February, 2018 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 2nd March, 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 51.40 49.60
2. Bahrain Dinar 178.85 167.45
3. Canadian Dollar 51.65 50.00
4. Chinese Yuan 10.45 10. 10
5. Danish Kroner 10.90 10.50
6. EURO 80.95 78.25
7. Hong Kong Dollar 8.45 8.20
8. Kuwait Dinar 225.20 210.55
9. New Zealand Dollar 47.90 46.05
0. Norwegian Kroner 8.40 8.10
11. Pound Sterling 91.20 88.25
12. Qatari Riyal 18.50 17.35
13. Saudi Arabian Riyal 18.00 16.85
14. Singapore Dollar 50.05 48.40
15. South African Rand 5.70 5.35
16. Swedish Kroner 8.00 7.70
17. Swiss Franc 70.30 67.80
18. UAE Dirham 18.35 17.20
19. US Dollar 66.10 64.40

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 62.15 60.05
2. Kenyan 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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