Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 2 2020 2020 (2) This

Exchange Rates Notification No.15/2020 - Customs (N.T.)

20-2-2020
  • 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 Indirect Taxes and Customs No.11/2020-CUSTOMS (N.T.), dated 6th February, 2020 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 21st February, 2020, 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

48.80

46.55

2.

Bahraini Dinar

196.65

184.45

3.

Canadian Dollar

55.25

53.25

4.

Chinese Yuan

10.40

10.05

5.

Danish Kroner

10.55

10.20

6.

EURO

79.00

76.05

7.

Hong Kong Dollar

9.40

9.05

8.

Kuwaiti Dinar

242.40

227.30

9.

New Zealand Dollar

46.90

44.70

10.

Norwegian Kroner

7.85

7.60

11.

Pound Sterling

94.30

91.00

12.

Qatari Riyal

20.35

19.10

13.

Saudi Arabian Riyal

19.75

18.55

14.

Singapore Dollar

52.10

50.30

15.

South African Rand

4.90

4.60

16.

Swedish Kroner

7.45

7.20

17.

Swiss Franc

74.45

71.60

18.

Turkish Lira

12.15

11.45

19.

UAE Dirham

20.20

18.95

20.

US Dollar

72.65

70.95

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

65.65

63.25

2.

Korean Won

6.20

5.80

 

Quick Updates:Latest Updates