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Customs Rate of Exchange of Foreign Currency Conversion wef 19.10.2018

Customs Rate of Exchange of Foreign Currency Conversion wef 19.10.2018 notified vide Notification No. 87/2018 – Customs (N.T.) dated 18th October, 2018

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

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Notification No. 87/2018 – Customs (N.T.)

New Delhi, dated the 18th October, 2018

26 Asvina 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. 85/2018-CUSTOMS (N.T.), dated 4th October, 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 19th October, 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)
(a)
(For Imported Goods)
(For Exported Goods)
1. Australian Dollar 53.70 51.35
2. Bahrain Dinar 201.20 188.70
3. Canadian Dollar 57.70 55.75
4. Chinese Yuan 10.75 10.45
5. Danish Kroner 11.60 11.15
6. EURO 86.35 83.30
7. Hong Kong Dollar 9.55 9.20
8. Kuwait Dinar 250.35 234.60
9. New Zealand Dollar 49.60 47.35
10. Norwegian Kroner 9.15 8.85
11. Pound Sterling 98.45 95.10
12. Qatari Riyal 20.85 19.55
13. Saudi Arabian Riyal 20.20 18.95
14. Singapore Dollar 54.35 52.50
15. South African Rand 5. 35 5.00
16. Swedish Kroner 8.40 8.10
17. Swiss Franc 75.60 72.60
18. UAE Dirham 20.65 19.35
19. US Dollar 74.30 72.60

SCHEDULE – II

Sl.No.
Foreign Currency
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)
(2)
(3)
(a)
(a)
(For Imported Goods)
(For Exported Goods)
1. Japanese Yen 66.60 64.15

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

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

Categories: Custom Duty
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