CBEC 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.84/2017-CUSTOMS (N.T.), dated  7^thSeptember, 2017, 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 22^nd September, 2017, 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	52.65	50.80
2.	Bahrain Dinar	177.05	165.45
3.	Canadian Dollar	53.15	51.45
4.	Chinese Yuan	9.95	9.65
5.	Danish Kroner	10.50	10.10
6.	EURO	77.95	75.35
7.	Hong Kong Dollar	8.40	8.15
8.	Kuwait Dinar	221.60	207.00
9.	New Zealand Dollar	48.20	46.50
10.	Norwegian Kroner	8.35	8.05
11.	Pound Sterling	88.60	85.70
12.	Qatari Riyal	18.00	16.85
13.	Saudi Arabian Riyal	17.80	16.65
14.	Singapore Dollar	48.50	47.00
15.	South African Rand	5.00	4.65
16.	Swedish Kroner	8.20	7.90
17.	Swiss Franc	67.60	65.35
18.	UAE Dirham	18.15	17.00
19.	US Dollar	65.40	63.70

 

 

 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	58.40	56.40
2.	Kenya Shilling	64.60	60.35

 

Notification can be accessed here