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Rate of exchange of conversion of Foreign Currencies notified

New Delhi: 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.21/2019-CUSTOMS (N.T.), dated 7th March, 2019 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 21st March, 2019be 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

50.05

47.85

2.

Bahraini Dinar

189.50

177.70

3.

Canadian Dollar               

52.85

50.90

4.

Chinese Yuan

10.45

10.15

5.

Danish Kroner

10.70

10.30

6.

EURO

80.00

77.05

7.

Hong Kong Dollar

9.00

8.65

8.

Kuwaiti Dinar

235.65

220.50

9.

New Zealand Dollar

48.50

46.30

10.

Norwegian Kroner

8.25

7.95

11.

Pound Sterling

93.30

90.00

12.

Qatari Riyal

19.65

18.40

13.

Saudi Arabian Riyal

19.05

17.85

14.

Singapore Dollar

52.05

50.25

15.

South African Rand

4. 95

4.60

16.

Swedish Kroner

7.65

7.35

17.

Swiss Franc

70.55

67.80

18.

Turkish Lira

13.00

12.25

19.

UAE Dirham

19.45

18.25

20.

US Dollar

70.00

68.35

                                                                                                                               

 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

63.15

60.80

2.

Korean Won

6.30

5.95

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