Page 76 - ELT_15th August 2020_Vol 373_Part 4

N64 EXCISE LAW TIMES [ Vol. 373

Exchange rate for import and export of goods
[Substitute at page 4.236 of 63rd Edition of Customs Law Manual, Vol. 1, 2020-21]
In exercise of the powers conferred by section 14 of the Customs Act,
1962 (52 of 1962), and in supersession of the Notification No. 59/2020-Customs
(N.T.), dated 16th July, 2020 except as respects things done or omitted to be done
before such supersession, the Central Board of Indirect Taxes and Customs here-
by determines that the rate of exchange of conversion of each of the foreign cur-
rencies 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 August, 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.

SCHEDULE-I

Sl. Foreign Currency Rate of exchange of one unit of foreign cur-
No. rency equivalent to Indian rupees

(1) (2) (3)
(a) (b)
(For Imported (For Exported Goods)
Goods)
1. Australian Dollar 55.15 52.75
2. Bahraini Dinar 205.00 192.45
3. Canadian Dollar 57.45 55.45
4. Chinese Yuan 10.95 10.60
5. Danish Kroner 12.15 11.70
6. EURO 90.50 87.30
7. Hong Kong Dollar 9.85 9.50
8. Kuwaiti Dinar 252.85 237.35
9. New Zealand Dollar 51.05 48.75
10. Norwegian Kroner 8.50 8.20
11. Pound Sterling 100.00 96.60
12. Qatari Riyal 21.25 19.90
13. Saudi Arabian Riyal 20.60 19.35
14. Singapore Dollar 55.60 53.75
15. South African Rand 4.45 4.20
16. Swedish Kroner 8.80 8.50
17. Swiss Franc 84.05 80.80
18. Turkish Lira 10.95 10.30
19. UAE Dirham 21.05 19.75
20. US Dollar 75.75 74.00

EXCISE LAW TIMES  15th August 2020  76