Customs Rate of Exchange of Foreign Currency Conversion wef 20.07.2018 notified vide Notification No. 63/2018 – Customs (N.T.) dated the 19th July, 2018.

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

Notification No. 63/2018 Customs (N.T.)

New Delhi, dated the 19th July, 2018

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. 60/2018-CUSTOMS (N.T.), dated 5th July, 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 20th July, 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 52.40 50.10
2. Bahrain Dinar 187.80 175.85
3. Canadian Dollar 53.25 51.35
4. Chinese Yuan 10.35 10.05
5. Danish Kroner 10.95 10.55
6. EURO 81.60 78.60
7. Hong Kong Dollar 8.90 8.60
8. Kuwait Dinar 234.60 219.60
9. New Zealand Dollar 48.05 45.85
10. Norwegian Kroner 8.60 8.25
11. Pound Sterling 91.55 88.30
12. Qatari Riyal 19.45 18.40
13. Saudi Arabian Riyal 18.95 17.75
14. Singapore Dollar 51.20 49.40
15. South African Rand 5.35 5.00
16. Swedish Kroner 7.90 7.60
17. Swiss Franc 70.30 67.40
18. UAE Dirham 19.35 18.15
19. US Dollar 69.60 67.90

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 62.20 59.85

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

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

More Under Custom Duty

Posted Under

Category : Custom Duty (7071)

Leave a Reply

Your email address will not be published.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