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Home News News and Press Release Month 3 2019 2019 (3) This

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Rate of Exchange of conversion of the Foreign Currencies notified

22-3-2019

Contents

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.21/2019-CUSTOMS (N.T.), dated 7th March, 2019 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 21st March, 2019 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	50.05	47.85
2.	Bahraini Dinar	189.50	177.70
3.	Canadian Dollar	52.85	50.90
4.	Chinese Yuan	10.45	10.15
5.	Danish Kroner	10.70	10.30
6.	EURO	80.00	77.05
7.	Hong Kong Dollar	9.00	8.65
8.	Kuwaiti Dinar	235.65	220.50
9.	New Zealand Dollar	48.50	46.30
10.	Norwegian Kroner	8.25	7.95
11.	Pound Sterling	93.30	90.00
12.	Qatari Riyal	19.65	18.40
13.	Saudi Arabian Riyal	19.05	17.85
14.	Singapore Dollar	52.05	50.25
15.	South African Rand	4. 95	4.60
16.	Swedish Kroner	7.65	7.35
17.	Swiss Franc	70.55	67.80
18.	Turkish Lira	13.00	12.25
19.	UAE Dirham	19.45	18.25
20.	US Dollar	70.00	68.35

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	63.15	60.80
2.	Korean Won	6.30	5.95

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