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[Customs] Exchange Rate Notification w.e.f. 18th August, 2017

CBEC has notified the rate of exchange of one unit of foreign currency equivalent to Indian rupees relating to imported and export goods, in its notification no. 81/2017 - Customs (N.T.) dated 17th August, 2017 (w.e.f. 18th August, 2017). The contents of the said notification is as follows:

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.75/2017-CUSTOMS (N.T.), dated 3rd August, 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 18th August, 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 Currency
Rate 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 Dollar
51.30
49.50
2.
Bahrain Dinar
176.45
164.80
3.
Canadian Dollar
51.20
49.55
4.
Chinese Yuan
9.80
9.45
5.
Danish Kroner
10.35
9.95
6.
EURO
76.70
74.10
7.
Hong Kong Dollar
8.35
8.10
8.
Kuwait Dinar
220.35
205.80
9.
New Zealand Dollar
47.40
45.70
10.
Norwegian Kroner
8.25
7.95
11.
Pound Sterling
84.20
81.35
12.
Qatari Riyal
18.10
17.10
13.
Saudi Arabian Riyal
17.70
16.60
14.
Singapore Dollar
47.80
46.25
15.
South African Rand
5.00
4.65
16.
Swedish Kroner
8.10
7.80
17.
Swiss Franc
67.30
64.90
18.
UAE Dirham
18.10
16.95
19.
US Dollar
65.15
63.45

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
59.10
57.10
2.
Kenya Shilling
64.10
59.90






Extra Notes for Readers

Previous customs exchange rate notifications for ready reference:
  • w.e.f. 4th Aug., 2017 - link
  • w.e.f. 21st July, 2017 - link
  • w.e.f. 7th July, 2017 - link

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