Exchange rate of Foreign Currency relating to imported,export goods notified

172

download (1) — Exchange rate of Foreign Currency relating to imported,export goods notified (Photo courtesy- Internet)

Exchange rate of Foreign Currency relating to imported,export goods notified

KS Diwan/ royalpatiala.in/ New Delhi

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in suppression of the notification of the Central Board of Indirect Taxes and Customs No.96/2018-CUSTOMS (N.T.), dated 6^th December, 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 21^st December, 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.

Exchange rate of Foreign Currency relating to imported,export goods notified (Photo courtesy- Internet)

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	51.25	49.15
2.	Bahraini Dinar	193.40	181.40
3.	Canadian Dollar	53.20	51.40
4.	Chinese Yuan	10.40	10.05
5.	Danish Kroner	10.95	10.55
6.	EURO	81.80	78.80
7.	Hong Kong Dollar	9.20	8.85
8.	Kuwaiti Dinar	239.95	224.70
9.	New Zealand Dollar	48.95	46.75
10.	Norwegian Kroner	8.25	7.95
11.	Pound Sterling	90.75	87.55
12.	Qatari Riyal	20.00	18.80
13.	Saudi Arabian Riyal	19.45	18.20
14.	Singapore Dollar	52.35	50.55
15.	South African Rand	5. 05	4.75
16.	Swedish Kroner	7.90	7.60
17.	Swiss Franc	72.35	69.60
18.	Turkish Lira	13.75	12.90
19.	UAE Dirham	19.85	18.60
20.	US Dollar	71.45	69.75

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	64.00	61.65
2.	Korean Won	6.45	6.05