Exchange Rate of conversion of the Foreign Currencies.
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 (CBIC) No.37/2019-CUSTOMS (N.T.), dated 16th May, 2019 except as respects things done or omitted to be done before such super-session, the Central Board of Indirect Taxes and Customs (CBIC) 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 June, 2019, 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.
|Sl.No.||Foreign Currency||Rate of exchange of one unit of foreign currency equivalent to Indian rupees|
|(For Imported Goods)||(For Exported Goods)|
|7.||Hong Kong Dollar||9.00||8.70|
|9.||New Zealand Dollar||47.30||45.15|
|13.||Saudi Arabian Riyal||19.15||17.95|
|15.||South African Rand||4.85||4.50|
|Sl.No.||Foreign Currency||Rate of exchange of 100 units of foreign currency equivalent to Indian rupees|
|(For Imported Goods)||(For Export Goods)|