Home » News » Banking & Finance » Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

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 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.77/2018-CUSTOMS (N.T.), dated  6th September, 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 21st  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.

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 Export Goods)
1. Australian Dollar 53.95 51.60
2. Bahrain Dinar 199.35 187.05
3. Canadian Dollar 57.20 55.25
4. Chinese Yuan 10.80 10.45
5. Danish Kroner 11.60 11.20
6. EURO 86.55 83.45
7. Hong Kong Dollar 9.45 9.10
8. Kuwait Dinar 248.30 232.60
9. New Zealand Dollar 49.35 47.10
10. Norwegian Kroner 9.10 8.75
11. Pound Sterling 97.40 94.05
12. Qatari Riyal 20.65 19.35
13. Saudi Arabian Riyal 20.05 18.80
14. Singapore Dollar 54.05 52.25
15. South African Rand 5. 05 4.75
16. Swedish Kroner 8.30 8.00
17. Swiss Franc 76.90 73.95
18. UAE Dirham 20.45 19.20
19. US Dollar 73.65 71.95

 

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 66.00 63.60

 

About Indianindustry Media

Leave a Reply

Your email address will not be published.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

*

x

Check Also

Monthly Review of Accounts of Union Government of India upto the month of July, 2020 for the Financial Year 2020-21

The Monthly Account of the Union Government of India upto the month of July, 2020 ...

India will play a leading role in the future global political framework in terms of economy and Disaster Risk Management:Nityanand Rai

  The Union Minister of State for Home Affairs, Shri Nityanand Rai has said that ...

Structural Reforms are a Key Priority of the Government: Finance Minister

Addressing the captains of the Indian Industry, Union Minister of Finance and Corporate Affairs, Smt. ...

Government of India and AIIB sign agreement for $500 million to improve the network capacity, service quality and safety of the suburban railway system in Mumbai

The Government of India, the Government of Maharashtra, Mumbai Railway Vikas Corporation and the Asian ...

Partial Credit Guarantee Scheme (PCGS) 2.0 extended with greater flexibility to respond to emerging demands

As part of Aatmanirbhar Bharat Abhiyan, announced by the Government, Partial Credit Guarantee Scheme (PCGS) 2.0   was ...

Tariff Notification No. 71/2020-Cutoms (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs ...

Tax system aims to be Seamless, Painless, Faceless : PM

Prime Minister Shri Narendra Modi launched a platform for “Transparent Taxation – Honouring the Honest” ...

Finance Minister launches an Online Dashboard for the National Infrastructure Pipeline

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman inaugurated the National Infrastructure Pipeline ...

Government working with RBI on Industry’s need for loan restructuring: Finance Minister Smt. Nirmala Sitharaman

The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government ...

Tariff Notification No. 65/2020-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs ...

WP2Social Auto Publish Powered By : XYZScripts.com