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CBIC notifies Rate of Exchange of Foreign Currencies wef 21.02.2020

21-Feb-2020 Posted by: Admin

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
*****

Notification No. 15/2020 – Customs (N.T.)

New Delhi, dated the 20th February, 2020

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 No.11/2020-CUSTOMS (N.T.), dated 6th February, 2020 except as respects things done or omitted to be done before such super session, 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 21st February, 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 48.80 46.55
2. Bahraini Dinar 196.65 184.45
3. Canadian Dollar 55.25 53.25
4. Chinese Yuan 10.40 10.05
5. Danish Kroner 10.55 10.20
6. EURO 79.00 76.05
7. Hong Kong Dollar 9.40 9.05
8. Kuwaiti Dinar 242.40 227.30
9. New Zealand Dollar 46.90 44.70
10. Norwegian Kroner 7.85 7.60
11. Pound Sterling 94.30 91.00
12. Qatari Riyal 20.35 19.10
13. Saudi Arabian Riyal 19.75 18.55
14. Singapore Dollar 52.10 50.30
15. South African Rand 4.90 4.60
16. Swedish Kroner 7.45 7.20
17. Swiss Franc 74.45 71.60
18. Turkish Lira 12.15 11.45
19. UAE Dirham 20.20 18.95
20. US Dollar 72.65 70.95

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 65.65 63.25
2. Korean Won 6.20 5.80

[F.No. 468/01/2020-Cus.V]

(Pramod Kumar)
Director
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