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    Customs, DGFT & SEZ

    Exchange Rate Notification No.01/2020 - Customs (N.T.)

    January 2, 2020

    📋
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    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 No.91/2019-CUSTOMS (N.T.), dated 19th December, 2019 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 3rd January, 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

    51.15

    48.90

    2.

    Bahraini Dinar

    195.25

    183.15

    3.

    Canadian Dollar 

    55.90

    53.90

    4.

    Chinese Yuan

    10.40

    10.05

    5.

    Danish Kroner

    10.90

    10.50

    6.

    EURO

    81.50

    78.45

    7.

    Hong Kong Dollar

    9.30

    9.00

    8.

    Kuwaiti Dinar

    243.05

    227.60

    9.

    New Zealand Dollar

    49.25

    47.00

    10.

    Norwegian Kroner

    8.25

    7.95

    11.

    Pound Sterling

    95.85

    92.55

    12.

    Qatari Riyal

    20.10

    18.85

    13.

    Saudi Arabian Riyal

    19.65

    18.40

    14.

    Singapore Dollar

    53.90

    52.05

    15.

    South African Rand

    5.25

    4.95

    16.

    Swedish Kroner

    7.75

    7.50

    17.

    Swiss Franc

    75.05

    72.15

    18.

    Turkish Lira

    12.35

    11.60

    19.

    UAE Dirham

    20.05

    18.80

    20.

    US Dollar

    72.15

    70.45

    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

    66.85

    64.35

    2.

    Korean Won

    6.35

    5.95

     

    Topics

    ActsIncome Tax