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Home News News and Press Release Month 5 2018 2018 (5) This

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Exchange Rates for different Foreign Currencies Notified
17-5-2018
  • Contents

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 Currency

Rate 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 Dollar

52.15

50.40

2.

Bahrain Dinar

185.60

173.70

3.

Canadian Dollar               

54.05

52.30

4.

Chinese Yuan

10.85

10. 50

5.

Danish Kroner

10.95

10.55

6.

EURO

81.50

78.85

7.

Hong Kong Dollar

8.75

8.50

8.

Kuwait Dinar

232.15

217.20

9.

New Zealand Dollar

47.90

46.05

10.

Norwegian Kroner

8.55

8.25

11.

Pound Sterling

93.35

90.40

12.

Qatari Riyal

19.25

18.00

13.

Saudi Arabian Riyal

18.70

17.50

14.

Singapore Dollar

51.40

49.85

15.

South African Rand

5.65

5.25

16.

Swedish Kroner

7.95

7.65

17.

Swiss Franc

69.00

66.80

18.

UAE Dirham

19.05

17.85

19.

US Dollar

68.65

66.95
 

 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

62.55

60.50

2.

Kenyan Shilling

64. 90

60.65
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