Customs Rate of Exchange of Foreign Currency Conversion wef  17.08.2018 notified vide Notification No. 74/2018 – Customs (N.T.) dated 16th August, 2018

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

Notification No. 74/2018Customs (N.T.)

New Delhi, dated the 16th August, 2018
25 Shravana 1940 (SAKA)

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. *67/2018-CUSTOMS (N.T.), dated 2nd August, 2018   ** 72/2018-CUSTOMS (N.T.), dated 14th August, 2018  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 17th August, 2018, 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 Export
Goods)
1. Australian Dollar 52.25 49.95
2. Bahrain Dinar 192.40 180.40
3. Canadian Dollar 54.60 52.60
4. Chinese Yuan 10.30 10.00
5. Danish Kroner 10.90 10.50
6. EURO 81.40 78.40
7. Hong Kong Dollar 9.10 8.80
8. Kuwait Dinar 239.35 224.10
9. New Zealand Dollar 47.45 45.30
10. Norwegian Kroner 8.50 8.15
11. Pound Sterling 91.00 87.60
12. Qatari Riyal 19.80 18.70
13. Saudi Arabian Riyal 19.35 18.15
14. Singapore Dollar 51.90 50.10
15. South African Rand 5.00 4.70
16. Swedish Kroner 7.80 7.50
17. Swiss Franc 72.15 69.40
18. UAE Dirham 19.75 18.50
19. US Dollar 71.10 69.40

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 64.60 62.20

[F.No. 468/01/2018-Cus.V]

(Dr. Sreeparvathy S.L.)
Under Secretary to the Govt. of India
TELE: 011-2309 5541

  • * Mistake in Notification as per Taxguru Team (Corrrigandum Expected)
  • ** Added by Taxguru Team

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