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Exchange Rate Notification

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Date: 17 Dec, 2020
Source: Notification
Category: All Business Men
Website: In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.110/2020-Customs(N.T.), dated 3 rd December, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes 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 18th December, 2020, 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 Exported Goods) 1. Australian Dollar 57.05 54.70 2. Bahraini Dinar 201.70 188.95 3. Canadian Dollar 58.90 56.80 4. Chinese Yuan 11.45 11.10 5. Danish Kroner 12.30 11.85 6. EURO 91.50 88.25 7. Hong Kong Dollar 9.65 9.30 8. Kuwaiti Dinar 249.60 233.70 9. New Zealand Dollar 53.85 51.50 10. Norwegian Kroner 8.65 8.35 11. Pound Sterling 101.25 97.85 12. Qatari Riyal 20.85 19.60 13. Saudi Arabian Riyal 20.25 19.00 2 | P a g e 14. Singapore Dollar 56.40 54.50 15. South African Rand 5.15 4.80 16. Swedish Kroner 9.00 8.65 17. Swiss Franc 84.90 81.45 18. Turkish Lira 9.75 9.15 19. UAE Dirham 20.70 19.40 20. US Dollar 74.45 72.75 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 72.55 69.85 2. Korean Won 6.95 6.55 [F.No. 468/01/2020-Cus.V]
Video: https://www.youtube.com/channel/UCyC_BAwSzDfzYLFmRaaZP6Q

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