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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.
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    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.
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    ReplyDelete

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