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Your email address will not be published.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

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 ...

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 ...

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 ...

Tariff Notification No. 62/2020-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 ...

DGGI books 3 firms for Tax evasion of more than Rs 600 Crore

A case was booked against M/s. Fortune Graphics Limited, M/s. Reema Polychem Pvt. Ltd. & ...

Centre Released Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against cess collection of Rs. 95,444 crore

Central Government has recently released GST Compensation of Rs. 13,806 crore to States for March’2020. Taking ...

Borrowing limit of states increased from 3% to 5%; Public sector to be open for private players: FM

Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. ...

WP2Social Auto Publish Powered By : XYZScripts.com