CBEC notifies Exchange Rate of Foreign Currency Relating To Imported and Export Goods

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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.52/2017-CUSTOMS (N.T.), dated 1st June, 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 16th June, 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 CurrencyRate 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 Dollar49.8548.10
2.Bahrain Dinar176.60164.65
3.Canadian Dollar49.3547.75
4.Chinese Yuan9.659.30
5.Danish Kroner9.909.50
6.EURO73.4570.95
7.Hong Kong Dollar8.358.15
8.Kuwait Dinar219.25204.95
9.New Zealand Dollar47.2545.55
10.Norwegian Kroner7.757.50
11.Pound Sterling83.4080.60
12.Qatari Riyal18.1017.05
13.Saudi Arabian Riyal17.7516.60
14.Singapore Dollar47.5045.90
15.South African Rand5.254.90
16.Swedish Kroner7.507.25
17.Swiss Franc67.3565.10
18.UAE Dirham18.1016.95
19.US Dollar65.1563.50

SCHEDULE-II

Sl.No.Foreign CurrencyRate 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 Yen59.7557.70
2.Kenya Shilling64.3560.15
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