The Rate of Exchange of Conversion of Each of the Foreign Currencies 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 (CBEC) No.13/2018-CUSTOMS (N.T.), dated 15th February, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs (CBEC) 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 2nd March, 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

51.40

49.60

2.

Bahrain Dinar

178.85

167.45

3.

Canadian Dollar

51.65

50.00

4.

Chinese Yuan

10.45

10. 10

5.

Danish Kroner

10.90

10.50

6.

EURO

80.95

78.25

7.

Hong Kong Dollar

8.45

8.20

8.

Kuwait Dinar

225.20

210.55

9.

New Zealand Dollar

47.90

46.05

10.

Norwegian Kroner

8.40

8.10

11.

Pound Sterling

91.20

88.25

12.

Qatari Riyal

18.50

17.35

13.

Saudi Arabian Riyal

18.00

16.85

14.

Singapore Dollar

50.05

48.40

15.

South African Rand

5.70

5.35

16.

Swedish Kroner

8.00

7.70

17.

Swiss Franc

70.30

67.80

18.

UAE Dirham

18.35

17.20

19.

US Dollar

66.10

64.40

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

62.15

60.05

2.

Kenyan Shilling

64. 90

60.65

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