Circular No.ES/238/ 2018-19 5th October, 2018
To: Members of the Council
Sub: -Exchange Rates Notification No.85/2018-Custom(NT) dated 4.10.2018
Dear Member,
This is to inform that CBIC has issued Notification No. 85/2018- Customs (N.T.) dated 4th October, 2018 determining that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa specified in Schedule I and Schedule II (given below).
These rates shall be effective from 5th October, 2018, These rates are related to import and export of 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 |
53.70 |
51.40 |
|
2. |
Bahrain Dinar |
202.05 |
189.45 |
|
3. |
Canadian Dollar |
58.40 |
56.40 |
|
4. |
Chinese Yuan |
10.90 |
10.55 |
|
5. |
Danish Kroner |
11.55 |
11.15 |
|
6. |
EURO |
86.15 |
83.10 |
|
7. |
Hong Kong Dollar |
9.60 |
9.25 |
|
8. |
Kuwait Dinar |
250.80 |
235.00 |
|
9. |
New Zealand Dollar |
49.25 |
47.00 |
|
10. |
Norwegian Kroner |
9.10 |
8.80 |
|
11. |
Pound Sterling |
97.00 |
93.65 |
|
12. |
Qatari Riyal |
20.90 |
19.60 |
|
13. |
Saudi Arabian Riyal |
20.30 |
19.05 |
|
14. |
Singapore Dollar |
54.35 |
52.55 |
|
15. |
South African Rand |
5.20 |
4.85 |
|
16. |
Swedish Kroner |
8.30 |
8.00 |
|
17. |
Swiss Franc |
75.75 |
72.90 |
|
18. |
UAE Dirham |
20.75 |
19.45 |
|
19. |
US Dollar |
74.60 |
72.90 |
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 |
65.70 |
63.35 |
Members may kindly make a note of the above.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR
