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 |
(For Export |
||
|
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 |
(For Export |
||
|
1. |
Japanese Yen |
64.60 |
62.20 |
This is for your information.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR
