Exchange Rate Notification No.41/2020 – Customs (N.T.)

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Ministry of Finance

Exchange Rate Notification No.41/2020 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.39/2020-Customs(N.T.), dated 16th  April, 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 7th May, 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.

                                                    SCHEDULEI                       

Sl.No.Foreign CurrencyRate 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 Dollar49.9547.75
2.Bahraini Dinar207.20194.20
3.Canadian Dollar               54.9053.05
4.Chinese Yuan10.8510.55
5.Danish Kroner11.2010.80
6.EURO83.7080.70
7.Hong Kong Dollar9.959.60
8.Kuwaiti Dinar253.55237.75
9.New Zealand Dollar47.2045.05
10.Norwegian Kroner7.507.25
11.Pound Sterling95.9592.65
12.Qatari Riyal21.5020.20
13.Saudi Arabian Riyal20.8519.55
14.Singapore Dollar54.4052.60
15.South African Rand4.253.95
16.Swedish Kroner7.857.60
17.Swiss Franc79.5076.50
18.Turkish Lira11.0010.35
19.UAE Dirham21.3020.00
20.US Dollar76.7075.00

 SCHEDULE-II

Sl.No.Foreign CurrencyRate 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 Yen72.6570.00
2.Korean Won6.406.00

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