CBIC notifies exchange rate of foreign currency for imported and export goods

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has notified exchange rates of foreign currency for imported and export goods.

These new rates will be effective from March 21, it said.

“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 Indirect Taxes and Customs (CBIC) No.21/2019-CUSTOMS (N.T.), dated 7th March, 2019 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs (CBIC) hereby determines that the Rate of Exchange of conversion of each of the foreign currencies,” an official release said.

Schedule 1

Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
	(For Imported Goods)	(For Exported Goods)
Australian Dollar	50.05	47.85
Bahraini Dinar	189.50	177.70
Canadian Dollar	52.85	50.90
Chinese Yuan	10.45	10.15
Danish Kroner	10.70	10.30
EURO	80.00	77.05
Hong Kong Dollar	9.00	8.65
Kuwaiti Dinar	235.65	220.50
New Zealand Dollar	48.50	46.30
Norwegian Kroner	8.25	7.95
Pound Sterling	93.30	90.00
Qatari Riyal	19.65	18.40
Saudi Arabian Riyal	19.05	17.85
Singapore Dollar	52.05	50.25
South African Rand	4. 95	4.60
Swedish Kroner	7.65	7.35
Swiss Franc	70.55	67.80
Turkish Lira	13.00	12.25
UAE Dirham	19.45	18.25
US Dollar	70.00	68.35

SCHEDULE-II

Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
	(For Imported Goods)	(For Exported Goods)
Japanese Yen	63.15	60.80
Korean Won	6.30	5.95