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rate of exchange of conversion of foreign currencies,Exchange Rates Notification No. 53/2020 – Customs (N.T.)

June 18, 2020
Exchange Rates Notification No. 53/2020 – Customs (N.T.)
Exchange Rates Notification
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.49/2020-Customs(N.T.), dated 4th June, 2020 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 19th June, 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.
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                                                    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

53.55

51.25

2.

Bahraini Dinar

208.45

195.40

3.

Canadian Dollar

57.15

55.20

4.

Chinese Yuan

10.95

10.60

5.

Danish Kroner

11.70

11.30

6.

EURO

87.25

84.20

7.

Hong Kong Dollar

10.00

9.65

8.

Kuwaiti Dinar

255.85

239.90

9.

New Zealand Dollar

50.40

48.15

10.

Norwegian Kroner

8.15

7.85

11.

Pound Sterling

97.30

94.00

12.

Qatari Riyal

21.60

20.30

13.

Saudi Arabian Riyal

20.95

19.70

14.

Singapore Dollar

55.65

53.80

15.

South African Rand

4.55

4.30

16.

Swedish Kroner

8.30

8.00

17.

Swiss Franc

81.85

78.75

18.

Turkish Lira

11.45

10.80

19.

UAE Dirham

21.40

20.10

20.

US Dollar

77.05

75.35

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 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

72.60

70.00

2.

Korean Won

6.50

6.10

Source : pib
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