Exchange Rates for different Foreign Currencies Notified w.e.f 18.05.2018

By | May 17, 2018
(Last Updated On: May 18, 2018)

Exchange Rates for different Foreign Currencies Notified

Posted On: 17 MAY 2018 3:36PM by PIB 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 Excise and Customs(CBEC) No. 35/2018-CUSTOMS (N.T.), dated  3rd May, 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 18th May, 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 CurrencyRate 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 Dollar52.1550.40
2.Bahrain Dinar185.60173.70
3.Canadian Dollar54.0552.30
4.Chinese Yuan10.8510. 50
5.Danish Kroner10.9510.55
6.EURO81.5078.85
7.Hong Kong Dollar8.758.50
8.Kuwait Dinar232.15217.20
9.New Zealand Dollar47.9046.05
10.Norwegian Kroner8.558.25
11.Pound Sterling93.3590.40
12.Qatari Riyal19.2518.00
13.Saudi Arabian Riyal18.7017.50
14.Singapore Dollar51.4049.85
15.South African Rand5.655.25
16.Swedish Kroner7.957.65
17.Swiss Franc69.0066.80
18.UAE Dirham19.0517.85
19.US Dollar68.6566.95

 

SCHEDULE-II

 

Sl.No.Foreign CurrencyRate 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 Yen62.5560.50
2.Kenyan Shilling64. 9060.65

 

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