image

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

Goverenment of India

Ministry of Finance

 03 MAY 2018

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.33/2018-CUSTOMS (N.T.), dated  19th 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 4th May, 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 51.10 49.35
2. Bahrain Dinar 182.60 171.05
3. Canadian Dollar 52.70 51.10
4. Chinese Yuan 10.65 10. 30
5. Danish Kroner 10.95 10.50
6. EURO 81.15 78.45
7. Hong Kong Dollar 8.60 8.35
8. Kuwait Dinar 228.70 213.85
9. New Zealand Dollar 47.55 45.90
10. Norwegian Kroner 8.35 8.05
11. Pound Sterling 92.10 89.15
12. Qatari Riyal 18.85 17.85
13. Saudi Arabian Riyal 18.35 17.20
14. Singapore Dollar 50.75 49.20
15. South African Rand 5.45 5.10
16. Swedish Kroner 7.60 7.35
17. Swiss Franc 68.00 65.65
18. UAE Dirham 18.75 17.55
19. US Dollar 67.50 65.80

 

 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 61.80 59.75
2. Kenyan Shilling 64. 90 60.65
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