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 Excise and Customs No.103/2017-CUSTOMS (N.T.), dated 2nd November, 2017 except as respects things done or omitted to be done before such supersession, the Central Board of Excise and  Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa,shall, with effect from 17th  November, 2017, be the rate mentioned against it in the corresponding entry in column (3thereof, 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
50.65
48.70
2.
Bahrain Dinar
179.15
167.45
3.
Canadian Dollar               
52.00
50.40
4.
Chinese Yuan
10. 00
9.70
5.
Danish Kroner
10.55
10.15
6.
EURO
78.25
75.65
7.
Hong Kong Dollar
8.50
8.25
8.
Kuwait Dinar
223.50
209.20
9.
New Zealand Dollar
45.65
44.00
10.
Norwegian Kroner
8.05
7.80
11.
Pound Sterling
87.50
84.65
12.
Qatari Riyal
18. 45
17.45
13.
Saudi Arabian Riyal
18.00
16.85
14.
Singapore Dollar
48.95
47.45
15.
South African Rand
4.70
4.40
16.
Swedish Kroner
7.90
7.60
17.
Swiss Franc
67.20
65.00
18.
UAE Dirham
18.40
17.20
19.
US Dollar
66.20
64.50
                                                                                                                               
 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
58.85
56.85
2.
Kenya Shilling
65.20
60.90

No comments

Powered by Blogger.