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

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 17^thMay, 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 8^thJune, 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

 

 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	62.10	59.75

 

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