Home » Finance » Exchange Rates of conversion of Foreign Currencies notified for Imported and Export Goods 

Exchange Rates of conversion of Foreign Currencies notified for Imported and Export Goods 

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.24/2019-CUSTOMS (N.T.), dated 20th March, 2019 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 5th April, 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.

SCHEDULEI

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 50.00 47.75
2. Bahraini Dinar 188.00 176.15
3. Canadian Dollar 52.35 50.45
4. Chinese Yuan 10.40 10.05
5. Danish Kroner 10.50 10.15
6. EURO 78.55 75.65
7. Hong Kong Dollar 8.90 8.55
8. Kuwaiti Dinar 233.05 217.35
9. New Zealand Dollar 47.85 45.65
10. Norwegian Kroner 8.15 7.85
11. Pound Sterling 92.00 88.70
12. Qatari Riyal 19.45 18.25
13. Saudi Arabian Riyal 18.90 17.70
14. Singapore Dollar 51.60 49.80
15. South African Rand 5. 00 4.70
16. Swedish Kroner 7.55 7.25
17. Swiss Franc 70.10 67.40
18. Turkish Lira 12.55 11.80
19. UAE Dirham 19.30 18.10
20. US Dollar 69.45 67.75

 

SCHEDULEII

 

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 62.75 60.40
2. Korean Won 6.25 5.85

 

 

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services 

GST Council in the 31stmeeting held on 22nd December, 2018 at New Delhi took following decisions ...

New Settlement Rules of SEBI 

SEBI has introduced the SEBI (Settlement Proceedings) Regulations, 2018 that have been notified on 30.11.2018 ...

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 ...

Sovereign Gold Bond Scheme 2018 -19 

Government of India, in consultation with the Reserve Bank of India, has decided to issue ...

Government announces the Revision of interest rates for Small Savings Schemes for the Third Quarter of the current Financial Year 2018-19 

On the basis of the decision of the Government of India, the interest rates for ...

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 ...

GST Revenue collection for August 2018 close to ninety-four thousand crore rupees The total gross ...

Government of India and the World Bank sign $300 Million Agreement to help scale-up India’s Energy Efficiency Program

 The Government of India and the World Bank signed here today a $220 million Loan ...

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 ...

Unearthing of Black Money 

            The Income-tax Department (ITD) takes appropriate action against black money which is an on-going process.  ...