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CBIC notifies Exchange Rate of Foreign Currency Relating To Imported and Export Goods

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.31/2018-CUSTOMS (N.T.), dated  5th April, 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 20th 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.

SCHEDULEI

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 52.35 50.40
2. Bahrain Dinar 180.45 169.00
3. Canadian Dollar 53.05 51.30
4. Chinese Yuan 10.70 10. 35
5. Danish Kroner 11.15 10.70
6. EURO 82.85 80.10
7. Hong Kong Dollar 8.50 8.25
8. Kuwait Dinar 227.10 212.35
9. New Zealand Dollar 49.20 47.30
10. Norwegian Kroner 8.65 8.35
11. Pound Sterling 95.00 92.00
12. Qatari Riyal 18.60 17.60
13. Saudi Arabian Riyal 18.15 17.00
14. Singapore Dollar 51.10 49.45
15. South African Rand 5.70 5.35
16. Swedish Kroner 8.00 7.70
17. Swiss Franc 69.10 66.85
18. UAE Dirham 18.55 17.35
19. US Dollar 66.70 65.00

 

SCHEDULEII

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 62.35 60.25
2. Kenyan Shilling 64. 90 60.65

 

 

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