Exchange Rate Notification No. 88/2019-Custom (NT) dated 5.12.2019-Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 6th December, 2019.

Government of India
Ministry of Finance
(Department of Revenue)

(Central Broad of Indirect Tax and Customs)
*****

Notification No. 88/2019 Customs (N.T.)

New Delhi, dated the 5th December, 2019

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. 85/2019-CUSTOMS (N.T.), dated 21st November, 2019 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 December, 2019, 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 50.10 47.85
2. Bahraini Dinar 195.95 183.80
3. Canadian Dollar 55.25 53.30
4. Chinese Yuan 10.30 10.00
5. Danish Kroner 10.80 10.40
6. EURO 80.80 77.85
7. Hong Kong Dollar 9.30 8.95
8. Kuwaiti Dinar 243.20 228.10
9. New Zealand Dollar 48.10 45.90
10. Norwegian Kroner 7.95 7.65
11. Pound Sterling 95.50 92.20
12. Qatari Riyal 20.30 19.05
13. Saudi Arabian Riyal 19.70 18.50
14. Singapore Dollar 53.40 51.60
15. South African Rand 5.05 4.75
16. Swedish Kroner 7.65 7.40
17. Swiss Franc 73.85 71.00
18. Turkish Lira 12.80 12.05
19. UAE Dirham 20.10 18.85
20. US Dollar 72.40 70.70

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 66.95 64.50
2. Korean Won 6.20 5.80

[F.No. 468/01/201 9-Cus.V]

(Gunjan Kumar Verma)
Under Secretary to the Govt. of India
TELE: 011-2309 5541

More Under Custom Duty

Leave a Comment

Your email address will not be published.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