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Exchange Rate Notification

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.15/2020-CUSTOMS (N.T.), dated 20th February, 2020 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 6th March, 2020, 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 Exported Goods)
1. Australian Dollar 49.80 47.55
2. Bahraini Dinar 197.50 192.05
3. Canadian Dollar 55.80 53.85
4. Chinese Yuan 10.75 10.40
5. Danish Kroner 11.15 10.75
6. EURO 83.25 80.25
7. Hong Kong Dollar 9.60 9.25
8. Kuwaiti Dinar 247.70 232.45
9. New Zealand Dollar 47.50 45.30
10. Norwegian Kroner 8.05 7.80
11. Pound Sterling 96.10 92.80
12. Qatari Riyal 20.80 19.55
13. Saudi Arabian Riyal 20.20 18.95
14. Singapore Dollar 53.85 52.05
15. South African Rand 4.95 4.65
16. Swedish Kroner 7.90 7.60
17. Swiss Franc 78.30 75.25
18. Turkish Lira 12.40 11.65
19. UAE Dirham 20.65 19.35
20. US Dollar 74.25 72.55

 

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 69.70 67.10
2. Korean Won 6.40 6.00

 

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