Exchange Rate of Foreign Currency W.E.F 07.07.2017

By | July 6, 2017
(Last Updated On: July 6, 2017)

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

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 Excise and Customs No.53/2017-CUSTOMS (N.T.), dated 15th June, 2017, except as respects things done or omitted to be done before such supersession, the Central Board of Excise 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 7th July, 2017, 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 CurrencyRate 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 Dollar50.2048.30
2.Bahrain Dinar177.70166.05
3.Canadian Dollar50.8049.10
4.Chinese Yuan9.709.35
5.Danish Kroner10.059.70
6.EURO74.6572.25
7.Hong Kong Dollar8.408.20
8.Kuwait Dinar221.10206.55
9.New Zealand Dollar48.1046.20
10.Norwegian Kroner7.857.55
11.Pound Sterling85.3582.50
12.Qatari Riyal18.1017.00
13.Saudi Arabian Riyal17.8516.70
14.Singapore Dollar47.6546.20
15.South African Rand5.004.65
16.Swedish Kroner7.757.50
17.Swiss Franc68.4065.95
18.UAE Dirham18.2517.05
19.US Dollar65.6563.95

 

 

SCHEDULE-II

 

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 Yen58.3056.35
2.Kenya Shilling64.6560.40
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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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