Rate of Exchange of conversion of the Foreign Currencies notified

Rate of Exchange of conversion of the Foreign Currencies 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 (CBIC) No.21/2019-CUSTOMS (N.T.), dated 7th March, 2019 except as respects things done or omitted to be done before such supersession, 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 21st March, 2019be 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 50.05 47.85
2. Bahraini Dinar 189.50 177.70
3. Canadian Dollar 52.85 50.90
4. Chinese Yuan 10.45 10.15
5. Danish Kroner 10.70 10.30
6. EURO 80.00 77.05
7. Hong Kong Dollar 9.00 8.65
8. Kuwaiti Dinar 235.65 220.50
9. New Zealand Dollar 48.50 46.30
10. Norwegian Kroner 8.25 7.95
11. Pound Sterling 93.30 90.00
12. Qatari Riyal 19.65 18.40
13. Saudi Arabian Riyal 19.05 17.85
14. Singapore Dollar 52.05 50.25
15. South African Rand 4. 95 4.60
16. Swedish Kroner 7.65 7.35
17. Swiss Franc 70.55 67.80
18. Turkish Lira 13.00 12.25
19. UAE Dirham 19.45 18.25
20. US Dollar 70.00 68.35

 

 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 Exported Goods)
1. Japanese Yen 63.15 60.80
2. Korean Won 6.30 5.95

 

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