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Home News News and Press Release Month 9 2018 2018 (9) This

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

6-9-2018
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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  16th August, 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 7th September, 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

52.75

50.45

2.

Bahrain Dinar

196.30

184.10

3.

Canadian Dollar

55.50

53.55

4.

Chinese Yuan

10.65

10.30

5.

Danish Kroner

11.40

11.00

6.

EURO

85.05

81.80

7.

Hong Kong Dollar

9.30

8.95

8.

Kuwait Dinar

244.55

229.10

9.

New Zealand Dollar

48.60

46.40

10.

Norwegian Kroner

8.70

8.40

11.

Pound Sterling

94.30

91.05

12.

Qatari Riyal

20.35

19.05

13.

Saudi Arabian Riyal

19.75

18.50

14.

Singapore Dollar

53.05

51.15

15.

South African Rand

4.80

4.50

16.

Swedish Kroner

8.05

7.80

17.

Swiss Franc

75.35

72.45

18.

UAE Dirham

20.15

18.90

19.

US Dollar

72.55

70.85

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

65.60

63.20

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