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

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 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 49.85 48.10
2. Bahrain Dinar 176.60 164.65
3. Canadian Dollar 49.35 47.75
4. Chinese Yuan 9.65 9.30
5. Danish Kroner 9.90 9.50
6. EURO 73.45 70.95
7. Hong Kong Dollar 8.35 8.15
8. Kuwait Dinar 219.25 204.95
9. New Zealand Dollar 47.25 45.55
10. Norwegian Kroner 7.75 7.50
11. Pound Sterling 83.40 80.60
12. Qatari Riyal 18.10 17.05
13. Saudi Arabian Riyal 17.75 16.60
14. Singapore Dollar 47.50 45.90
15. South African Rand 5.25 4.90
16. Swedish Kroner 7.50 7.25
17. Swiss Franc 67.35 65.10
18. UAE Dirham 18.10 16.95
19. US Dollar 65.15 63.50

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 57.70
2. Kenya Shilling 64.35 60.15

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