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  19^th 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 4^th 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.

                                                                 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	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

 

 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	61.80	59.75
2.	Kenyan Shilling	64. 90	60.65