CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 18th September, 2020 vide Notification No. 88/2020-Customs (N.T.), Dated: 17th September, 2020.

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

Notification No. 88/2020-Customs (N.T.)

New Delhi, dated the 17th September, 2020
26 Bhadrapada 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.84/2020-Customs(N.T.), dated 3rd September, 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 18th September, 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 54.75 52.45
2. Bahraini Dinar 201.90 189.50
3. Canadian Dollar 56.70 54.75
4. Chinese Yuan 11.05 10.70
5. Danish Kroner 11.85 11.45
6. EURO 88.20 85.10
7. Hong Kong Dollar 9.70 9.35
8. Kuwaiti Dinar 249.15 233.80
9. New Zealand Dollar 50.60 48.35
10. Norwegian Kroner 8.25 7.95
11. Pound Sterling 96.90 93.55
12. Qatari Riyal 20.90 19.60
13. Saudi Arabian Riyal 20.30 19.05
14. Singapore Dollar 55.05 53.20
15. South African Rand 4.65 4.35
16. Swedish Kroner 8.45 8.20
17. Swiss Franc 82.40 79.15
18. Turkish Lira 10.15 9.55
19. UAE Dirham 20.75 19.45
20. US Dollar 74.60 72.90

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 71.50 68.85
2. Korean Won 6.45 6.05

[F.No. 468/0 1/2020-Cus.V]

(Radhakrishnan Ananth)
Deputy Secretary to the Govt. of India

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