Exchange Rate of Foreign Currency w.e.f 05.10.2018 changed

Ministry of Finance

Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

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 (CBIC) No.81/2018-CUSTOMS (N.T.), dated  20^th September, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs (CBIC)  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 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

Posted On: 04 OCT 2018 4:36PM by PIB Delhi

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