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Ministry of Finance of the Republic of India

05/16/2019 | Press release | Distributed by Public on 05/16/2019 07:00

Exchange Rate of conversion of the Foreign Currencies 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 super-session of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.35/2019-CUSTOMS (N.T.), dated 2nd May, 2019 except as respects things done or omitted to be done before such super-session, 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 17th May, 2019, 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

49.8

47.55

2.

Bahraini Dinar

192.65

180.7

3.

Canadian Dollar

53.25

51.4

4.

Chinese Yuan

10.4

10.05

5.

Danish Kroner

10.75

10.35

6.

EURO

80.3

77.35

7.

Hong Kong Dollar

9.15

8.8

8.

Kuwaiti Dinar

238.75

223.9

9.

New Zealand Dollar

47.35

45.15

10.

Norwegian Kroner

8.2

7.9

11.

Pound Sterling

92

88.75

12.

Qatari Riyal

19.95

18.7

13.

Saudi Arabian Riyal

19.35

18.15

14.

Singapore Dollar

52.3

50.5

15.

South African Rand

5.1

4.8

16.

Swedish Kroner

7.45

7.2

17.

Swiss Franc

71.1

68.35

18.

Turkish Lira

12.05

11.3

19.

UAE Dirham

19.75

18.55

20.

US Dollar

71.15

69.5

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

65.45

63

2.

Korean Won

6.1

5.75

***

DSM/RM/PD