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Govt. notifies Rate of Exchange of different Foreign Currencies to Indian Currency

Ministry of Finance
07 JUN 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 Indirect Taxes and Customs(CBIC) No.43/2018-CUSTOMS (N.T.), dated 17thMay, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs (CBIC) 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 8thJune, 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 52.60 50.25
2. Bahrain Dinar 183.40 171.65
3. Canadian Dollar 52.80 50.90
4. Chinese Yuan 10.65 10.30
5. Danish Kroner 10.80 10.40
6. EURO 80.55 77.55
7. Hong Kong Dollar 8.70 8.40
8. Kuwait Dinar 229.25 214.40
9. New Zealand Dollar 48.50 46.30
10. Norwegian Kroner 8.45 8.15
11. Pound Sterling 91.60 88.30
12. Qatari Riyal 19.00 17.95
13. Saudi Arabian Riyal 18.45 17.30
14. Singapore Dollar 51.10 49.55
15. South African Rand 5.45 5.10
16. Swedish Kroner 7.80 7.55
17. Swiss Franc 69.40 66.65
18. UAE Dirham 18.85 17.65
19. US Dollar 67.85 66.15

 

 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 62.10 59.75

 

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