Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified


In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super-session of the Notification of the Central Board of Indirect Taxes and Customs (CBIC) No.87/2018-CUSTOMS (N.T.), dated  18th October, 2018 except as respects things done or omitted to be done before such super-session, 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 2nd November, 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 Exported Goods)

1.

Australian Dollar

53.80

51.45

2.

Bahraini Dinar

202.20

189.80

3.

Canadian Dollar               

57.25

55.20

4.

Chinese Yuan

10.75

10.45

5.

Danish Kroner

11.45

11.05

6.

EURO

85.35

82.30

7.

Hong Kong Dollar

9.60

9.25

8.

Kuwaiti Dinar

251.05

235.30

9.

New Zealand Dollar

49.85

47.45

10.

Norwegian Kroner

8.95

8.60

11.

Pound Sterling

96.55

93.25

12.

Qatari Riyal

20.95

19.65

13.

Saudi Arabian Riyal

20.30

19.10

14.

Singapore Dollar

54.35

52.50

15.

South African Rand

5. 20

4.85

16.

Swedish Kroner

8.20

7.95

17.

Swiss Franc

74.70

71.90

18.

UAE Dirham

20.75

19.50

19.

US Dollar

74.70

73.00

                                                                                                                               
 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 Exported Goods)

1.

Japanese Yen

66.65

64.25


Source:PIB

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