CBIC sets the foreign currencies exchange rate for use

Jul 16: Exercising the powers conferred by section 14 of the Customs Act, 1962 the Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, with effect from 17th July, 2020.

The rate mentioned be used for the purpose of the said section, relating to imported and export goods.

 Sl. No. Foreign CurrencyRate For Imported GoodsRate For Exported Goods
1.Australian Dollar53.8051.50
2.Bahraini Dinar206.00193.45
3.Canadian Dollar               56.7054.75
4.Chinese Yuan10.9010.60
5.Danish Kroner11.7511.30
7.Hong Kong Dollar9.909.55
8.Kuwaiti Dinar252.35236.90
9.New Zealand Dollar50.7048.45
10.Norwegian Kroner8.207.95
11.Pound Sterling96.1092.85
12.Qatari Riyal21.3520.05
13.Saudi Arabian Riyal20.7019.45
14.Singapore Dollar54.9553.15
15.South African Rand4.654.35
16.Swedish Kroner8.408.15
17.Swiss Franc81.1578.05
18.Turkish Lira11.3010.65
19.UAE Dirham21.1519.85
20.US Dollar76.1074.40


 Sl. No. Foreign CurrencyRate For Imported Goods  Rate For Exported Goods
1.Japanese Yen71.6569.05
2.Korean Won6.456.05