Sponsored
    Follow Us:
Sponsored

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 07.05.2020 vide Notification No. 41/2020-Customs (N.T.), Dated: 6th May, 2020.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
*****

Notification No. 41/2020-Customs (N.T.)

New Delhi, dated the 6th May, 2020
16 Vaisakha 1942 (SAKA)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 39/2020-Customs(N.T.), dated 16th April, 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 7th May, 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 49.95 47.75
2. Bahraini Dinar 207.20 194.20
3. Canadian Dollar 54.90 53.05
4. Chinese Yuan 10.85 10.55
5. Danish Kroner 11.20 10.80
6. EURO 83.70 80.70
7. Hong Kong Dollar 9.95 9.60
8. Kuwaiti Dinar 253.55 237.75
9. New Zealand Dollar 47.20 45.05
10. Norwegian Kroner 7.50 7.25
11. Pound Sterling 95.95 92.65
12. Qatari Riyal 21.50 20.20
13. Saudi Arabian Riyal 20.85 19.55
14. Singapore Dollar 54.40 52.60
15. South African Rand 4.25 3.95
16. Swedish Kroner 7.85 7.60
17. Swiss Franc 79.50 76.50
18. Turkish Lira 11.00 10.35
19. UAE Dirham 21.30 20.00
20. US Dollar 76.70 75.00

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 72.65 70.00
2. Korean Won 6.40 6.00

[F.No. 468/0 1/2020-Cus.VŠ

(Pramod Kumar)
Director
TELE: 011-2309 5541

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published.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

Sponsored
Sponsored
Sponsored
Search Post by Date
October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031