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Exchange Rates Notification No.74/2018- Customs (N.T.) dated 16.08.2018.

Circular No.ES/164/2018-19                                                                         August 17, 2018

To: Members of the Council

Sub.: Exchange Rates Notification No.74/2018- Customs (N.T.) dated 16.08.2018.

Dear Member,

We would like to inform you that CBIC has issued Notification No.74/2018- Customs (N.T.)  dated 16th August, 2018 determining 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, w.e.f. 17th August, 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

52.25

49.95

2.

Bahrain Dinar

192.40

180.40

3.

Canadian Dollar

54.60

52.60

4.

Chinese Yuan

10.30

10.00

5.

Danish Kroner

10.90

10.50

6.

EURO

81.40

78.40

7.

Hong Kong Dollar

9.10

8.80

8.

Kuwait Dinar

239.35

224.10

9.

New Zealand Dollar

47.45

45.30

10.

Norwegian Kroner

8.50

8.15

11.

Pound Sterling

91.00

87.60

12.

Qatari Riyal

19.80

18.70

13.

Saudi Arabian Riyal

19.35

18.15

14.

Singapore Dollar

51.90

50.10

15.

South African Rand

5.00

4.70

16.

Swedish Kroner

7.80

7.50

17.

Swiss Franc

72.15

69.40

18.

UAE Dirham

19.75

18.50

19.

US Dollar

71.10

69.40

 

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

64.60

62.20

This is for your information.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

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