Customs Rate of Exchange of Foreign Currency Conversion wef 05.10.2018 notified vide Notification No. 85/2018 – Customs (N.T.) dated 4th October, 2018

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

Notification No. 85/2018 Customs (N.T.)

New Delhi, dated the 4th October, 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. 81/2018-CUSTOMS (N.T.), dated 20th September, 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 5th 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) (b)
(For Imported Goods) (For Exported Goods)
1. Australian Dollar 53.70 51.40
2. Bahraini Dinar 202.05 189.45
3. Canadian Dollar 58.40 56.40
4. Chinese Yuan 10.90 10.55
5. Danish Kroner 11.55 11.15
6. EURO 86.15 83.10
7. Hong Kong Dollar 9.60 9.25
8. Kuwaiti Dinar 250.80 235.00
9. New Zealand Dollar 49.25 47.00
10. Norwegian Kroner 9.10 8.80
11. Pound Sterling 97.00 93.65
12. Qatari Riyal 20.90 19.60
13. Saudi Arabian Riyal 20.30 19.05
14. Singapore Dollar 54.35 52.55
15. South African Rand 5. 20 4.85
16. Swedish Kroner 8.30 8.00
17. Swiss Franc 75.75 72.90
18. UAE Dirham 20.75 19.45
19. US Dollar 74.60 72.90

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 Exported
Goods)
1. Japanese Yen 65.70 63.35

[F.No. 468/01/201 8-Cus.VŠ

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

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