Exchange Rate for conversion of Foreign Currencies from 17.05.2019

By | May 16, 2019
(Last Updated On: May 16, 2019)

Ministry of Finance

Exchange Rate of conversion of the Foreign Currencies relating to Imported and Export Goods notified

Posted On: 16 MAY 2019

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super-session of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.35/2019-CUSTOMS (N.T.), dated 2ndMay, 2019 except as respects things done or omitted to be done before such super-session, the Central Board of Indirect Taxes and Customs (CBIC) 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 17th May, 2019, 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.

SCHEDULEI

Sl.No.Foreign CurrencyRate 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 Dollar49.847.55
2.Bahraini Dinar192.65180.7
3.Canadian Dollar53.2551.4
4.Chinese Yuan10.410.05
5.Danish Kroner10.7510.35
6.EURO80.377.35
7.Hong Kong Dollar9.158.8
8.Kuwaiti Dinar238.75223.9
9.New Zealand Dollar47.3545.15
10.Norwegian Kroner8.27.9
11.Pound Sterling9288.75
12.Qatari Riyal19.9518.7
13.Saudi Arabian Riyal19.3518.15
14.Singapore Dollar52.350.5
15.South African Rand5.14.8
16.Swedish Kroner7.457.2
17.Swiss Franc71.168.35
18.Turkish Lira12.0511.3
19.UAE Dirham19.7518.55
20.US Dollar71.1569.5

SCHEDULEII

Sl.No.Foreign CurrencyRate 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 Yen65.4563
2.Korean Won6.15.75

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