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 (CBEC) No.13/2018-CUSTOMS (N.T.), dated 15th February, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs (CBEC) 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 2nd March, 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)
Also Read
(2)
(3)
(a)
(b)
(For Imported Goods)
(For Export Goods)
1.
Australian Dollar
51.40
49.60
2.
Bahrain Dinar
178.85
167.45
3.
Canadian Dollar
51.65
50.00
4.
Chinese Yuan
10.45
10. 10
5.
Danish Kroner
10.90
10.50
6.
EURO
80.95
78.25
7.
Hong Kong Dollar
8.45
8.20
8.
Kuwait Dinar
225.20
210.55
9.
New Zealand Dollar
47.90
46.05
10.
Norwegian Kroner
8.40
8.10
11.
Pound Sterling
91.20
88.25
12.
Qatari Riyal
18.50
17.35
13.
Saudi Arabian Riyal
18.00
16.85
14.
Singapore Dollar
50.05
48.40
15.
South African Rand
5.70
5.35
16.
Swedish Kroner
8.00
7.70
17.
Swiss Franc
70.30
67.80
18.
UAE Dirham
18.35
17.20
19.
US Dollar
66.10
64.40
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
62.15
60.05
2.
Kenyan Shilling
64. 90
60.65
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content