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. 90/2018-CUSTOMS (N.T.), dated  1st November, 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 16th 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

53.60

51.30

2.

Bahraini Dinar

197.40

185.20

3.

Canadian Dollar               

55.50

53.45

4.

Chinese Yuan

10.55

10.20

5.

Danish Kroner

11.15

10.75

6.

EURO

83.15

80.15

7.

Hong Kong Dollar

9.35

9.05

8.

Kuwaiti Dinar

244.75

229.25

9.

New Zealand Dollar

50.35

48.10

10.

Norwegian Kroner

8.65

8.35

11.

Pound Sterling

95.40

92.10

12.

Qatari Riyal

20.45

19.20

13.

Saudi Arabian Riyal

19.85

18.60

14.

Singapore Dollar

53.25

51.45

15.

South African Rand

5. 20

4.85

16.

Swedish Kroner

8.10

7.80

17.

Swiss Franc

73.15

70.20

18.

UAE Dirham

20.25

19.00

19.

US Dollar

72.95

71.25

                                                                                                                               

 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

64.65

62.35

 

 

*****

 

DSM/RM/KA

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