Exchange Rate of Foreign Currency with effect from 7th December 2018 | Labour Law News

Exchange Rate of Foreign Currency with effect from 7th December 2018

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Exchange Rate of Foreign Currency Relating to Imported and Export Goods with effect from 7th December, 2018

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 (CBIC) No.93/2018-CUSTOMS (N.T.), dated 15thNovember, 2018 except as respects things done or omitted to be done before such supersession, 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 7thDecember, 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.

 

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 52.35 50.1
2 Bahraini Dinar 194.2 182.15
3 Canadian Dollar 53.85 52
4 Chinese Yuan 10.5 10.15
5 Danish Kroner 10.95 10.6
6 EURO 81.95 78.95
7 Hong Kong Dollar 9.25 8.9
8 Kuwaiti Dinar 240.9 225.6
9 New Zealand Dollar 50.05 47.65
10 Norwegian Kroner 8.45 8.15
11 Pound Sterling 91.85 88.6
12 Qatari Riyal 20.1 18.85
13 Saudi Arabian Riyal 19.5 18.3
14 Singapore Dollar 52.65 50.85
15 South African Rand 5. 25 4.95
16 Swedish Kroner 8.05 7.75
17 Swiss Franc 72.45 69.7
18 UAE Dirham 19.95 18.7
19 US Dollar 71.75 70.05

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Sl.No.

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Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1) -2 -3
(a) (b)
(For Imported Goods)   (For Exported Goods)
1 Japanese Yen 64.05 61.7

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