Ministry of Finance

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

Posted On: 19 APR 2018 5:00PM by PIB Delhi

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 Excise and Customs No.31/2018-CUSTOMS (N.T.), dated  5th April, 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 20th April, 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

52.35

50.40

2.

Bahrain Dinar

180.45

169.00

3.

Canadian Dollar               

53.05

51.30

4.

Chinese Yuan

10.70

10. 35

5.

Danish Kroner

11.15

10.70

6.

EURO

82.85

80.10

7.

Hong Kong Dollar

8.50

8.25

8.

Kuwait Dinar

227.10

212.35

9.

New Zealand Dollar

49.20

47.30

10.

Norwegian Kroner

8.65

8.35

11.

Pound Sterling

95.00

92.00

12.

Qatari Riyal

18.60

17.60

13.

Saudi Arabian Riyal

18.15

17.00

14.

Singapore Dollar

51.10

49.45

15.

South African Rand

5.70

5.35

16.

Swedish Kroner

8.00

7.70

17.

Swiss Franc

69.10

66.85

18.

UAE Dirham

18.55

17.35

19.

US Dollar

66.70

65.00

                                                                                                                               

 

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

62.35

60.25

2.

Kenyan Shilling

64. 90

60.65

 

 

******

 

DSM/RM/KA



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