Skip to main content

EXCHANGE RATE OF FOREIGN CURRENCY 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 supersession of the notification of the Central Board of Excise and Customs No.81/2017-CUSTOMS (N.T.), dated  17thAugust, 2017, except as respects things done or omitted to be done before such supersession, the Central Board of Excise 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 8th September, 2017, 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
52.10
50.30
2.
Bahrain Dinar
175.85
164.25
3.
Canadian Dollar               
53.20
51.50
4.
Chinese Yuan
10.00
9.65
5.
Danish Kroner
10.45
10.05
6.
EURO
77.75
75.10
7.
Hong Kong Dollar
8.30
8.05
8.
Kuwait Dinar
220.00
205.45
9.
New Zealand Dollar
47.05
45.35
10.
Norwegian Kroner
8.40
8.05
11.
Pound Sterling
85.05
82.20
12.
Qatari Riyal
17.95
16.95
13.
Saudi Arabian Riyal
17.65
16.55
14.
Singapore Dollar
48.25
46.75
15.
South African Rand
5.20
4.85
16.
Swedish Kroner
8.20
7.90
17.
Swiss Franc
68.15
65.90
18.
UAE Dirham
18.05
16.90
19.
US Dollar
64.90
63.25
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
59.75
57.75
2.
Kenya Shilling
64.20
59.95
Abovementioned exchange rates are utilised for the purpose of valuation of goods and the same shall be considered at the time of presenting Bill of Entry or Bill of Export. Copy of the notification is attached for your reference and kind perusal.

 For latest updates in this regard, please write to us or contact us at:
Compliance Chambers
Advisory & Consulting
Address F-2 / 151, Sector - 11
Rohini, New Delhi |  Pin Code 110085
Email Us at: compliance.chambers@gmail.com
Website: https://compliancechambers.blogspot.in/
Abhimanyu Rajpurohit:  +91 93100 48341, +91 7838060605
Manish Nama:               +91 88007 22330, +91 88004 22330

Comments

  1. Exim Data8 October 2020 at 02:59

    This comment has been removed by the author.

    ReplyDelete
  2. Exim Data8 October 2020 at 03:00

    nice post thanks for sharing.
    for global trade database visit here
    https://www.cybex.in/global-trade-data.aspx

    ReplyDelete
  3. Shri Ram Murti Smarak College of Engineering Bareilly2 March 2022 at 01:57

    Great post, Thank you for sharing with us.
    For Looking Best Engineering college in Bareilly visit here : https://www.srms.ac.in/cet/

    ReplyDelete

Post a Comment

Popular posts from this blog

BLUETOOTH SIG MEMBERSHIP

The Bluetooth Special Interest Group (SIG) is a network of member organizations that are the caretakers and innovators of Bluetooth® technology. As a Bluetooth SIG member, your organization will join a community that helps you grow your business and shape the future of Bluetooth technology. OBJECTIVE OF BLUETOOTH SIG  The primary purpose of the Bluetooth SIG is to support members to make sure that all Bluetooth products are qualified properly and that they comply with the Bluetooth license agreements. The Bluetooth compliance program consists of two steps, which Bluetooth SIG members have to complete – the qualification and the declaration process. WHEN DO I NEED TO BECOME A BLUETOOTH SIG MEMBER? A. Any company incorporating Bluetooth wireless technology into products, using the technology to offer goods and services or simply re-branding a product with Bluetooth technology wants to use word or symbol of ‘Bluetooth’ on their products must become a member
7 comments
Read more

SIGNIFICANT BENEFICIAL OWNER - THE COMPANIES ACT PERSPECTIVE

A s per Section 469 of the Companies Act, 2013 (‘Act’) Central Government has the power to make rules for carrying out the provisions of this act. With the power of Section 469 of the Act, the CG has made Companies (Significant Beneficial Owners) Rules, 2018 for carrying out the provisions of Section 90 of the Companies Act, 2013 which is amended in Companies (Amendment) Act, 2017 under section 22. A s per section 90 , of the Act, every individual , who acting alone or together, or through one or more persons or trust, including a trust and persons resident outside India, holds beneficial interests, of not less than twenty-five per cent. or such other percentage as may be prescribed, in shares ( shares includes GDR, compulsory convertible preference shares or compulsory convertible debentures) of a company or the right to exercise, or the actual exercising of significant influence or control as defined in clause (27) of section 2 of the Act. Also as per section 2(6) ,
22 comments
Read more

GRIHA - GREEN RATING FOR INTEGRATED HABITAT ASSESSMENT

Buildings have an impact on the environment in numerous ways as in it consumes resources like land, soil, trees, plastics, metals, water, electricity and also produces waste like site waste, construction waste, chemical waste etc. and because of this mess created by the buildings the cities have become a home of epidemic and causing various problems in the habitat of the general people living in those buildings as well as around them. Hence, the Ministry of New and Renewable Energy is promoting construction of green buildings through GRIHA, a green rating system in the Country. Green buildings are those buildings which optimises the use of resources in such a way that it does not harm the environment. In Indian context it refers to compliance of the National Building Code, use of resources and products which are IS certified and generates optimum waste as per Central Control Pollution Board and Ministry of Environment rules and regulations. WHAT IS GRIHA? GRIHA is India’s
3 comments
Read more