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 No.74/2018-CUSTOMS (N.T.), dated 16thAugust, 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 7thSeptember, 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.
Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(For Imported Goods)
(For Export Goods)
Hong Kong Dollar
New Zealand Dollar
Saudi Arabian Riyal
South African Rand
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
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