Exchange Rate of Foreign Currency relating to the Imported and Export Goods Notified


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.02/2019-CUSTOMS (N.T.), dated 3rd January, 2019 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 18th January, 2019be 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

The 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

52.25

50.00

2.

Bahraini Dinar

195.10

183.05

3.

Canadian Dollar               

54.60

52.75

4.

Chinese Yuan

10.70

10.35

5.

Danish Kroner

11.05

10.65

6.

EURO

82.70

79.70

7.

Hong Kong Dollar

9.25

8.90

8.

Kuwaiti Dinar

243.00

227.60

9.

New Zealand Dollar

49.40

47.15

10.

Norwegian Kroner

8.50

8.20

11.

Pound Sterling

93.35

90.10

12.

Qatari Riyal

20.20

18.95

13.

Saudi Arabian Riyal

19.60

18.40

14.

Singapore Dollar

53.50

51.65

15.

South African Rand

5. 35

5.05

16.

Swedish Kroner

8.05

7.75

17.

Swiss Franc

73.35

70.40

18.

Turkish Lira

13.75

12.90

19.

UAE Dirham

20.05

18.80

20.

US Dollar

72.10

70.40

                                                                                                                              

SCHEDULE-II

Sl.No.

Foreign Currency

The 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

66.60

64.15

2.

Korean Won

6.55

6.15

Source: PIB



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