Customs Rate of exchange of conversion of foreign currency wef 05.01.2018

Editor 04 Jan 2018 834 Views 1 comment Print Custom Duty | Notifications N.T., Notifications/Circulars

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

Notification No. 1/2018 – Customs (N.T.)

New Delhi, dated the 4^th January, 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 Excise and Customs No.118/2017-CUSTOMS (N.T.), dated 21st December, 2017 except as respects things done or omitted to be done before such supersession, the Central Board of Excise 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 5^th January, 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	50.80	48.85
2.	Bahrain Dinar	174.55	163.25
3.	Canadian Dollar	51.60	49.95
4.	Chinese Yuan	9. 95	9. 60
5.	Danish Kroner	10.50	10.05
6.	EURO	77.70	75.05
7.	Hong Kong Dollar	8.25	8.00
8.	Kuwait Dinar	218.45	204.15
9.	New Zealand Dollar	45.95	44.30
0.	Norwegian Kroner	8.00	7.70
11.	Pound Sterling	87.55	84.65
12.	Qatari Riyal	18.00	17.00
13.	Saudi Arabian Riyal	17.55	16.40
14.	Singapore Dollar	48.55	47.05
15.	South African Rand	5.30	4.95
16.	Swedish Kroner	7.95	7.65
17.	Swiss Franc	66.15	63.95
18.	UAE Dirham	17.90	16.75
19.	US Dollar	64.50	62.80

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	57.45	55.50
2.	Kenya Shilling	64. 90	60.65