image

CBIC notifies Exchange Rate of Foreign Currency effective from 6th April 2017

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
*****

Notification No.31/2018 – Customs (N.T.)

New Delhi, dated the 5th April, 2018

15 Chaitra 1940 (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.19/2018-CUSTOMS (N.T.), dated 15th March, 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 II annexed hereto, into Indian currency or vice versa, shall, with effect from 6th April, 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   (For Export
    Goods)   Goods)
1. Australian Dollar 51.05   49.30
2. Bahrain Dinar 178.30   166.95
         
3. Canadian Dollar 51.90   50.15
4. Chinese Yuan 10.50   10. 15
5. Danish Kroner 10.95   10.50
6. EURO 81.20   78.50
7. Hong Kong Dollar 8.40   8.15
8. Kuwait Dinar 224.35   209.70
9. New Zealand Dollar 48.45   46.55
10. Norwegian Kroner 8.45   8.15

 

11. Pound Sterling 93.05 90.05
12. Qatari Riyal 18.40 17.40
13. Saudi Arabian Riyal 17.95 16.80
14. Singapore Dollar 50.40 48.75
15. South African Rand 5.65 5.30
16. Swedish Kroner 7.90 7.60
17. Swiss Franc 68.80 66.55
18. UAE Dirham 18.30 17.15
19. US Dollar 65.90 64.20

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 Export
    Goods)   Goods)
1. Japanese Yen 61.90   59.80
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

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