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« Mergers and Acquisitions »
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Notification No.99/2018 - Customs Central Board Of Indirect Taxes And Customs
December, 25th 2018
                        GOVERNMENT OF INDIA
                         MINISTRY OF FINANCE
                      (DEPARTMENT OF REVENUE)
           (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
                                 *****
                    Notification No.99/2018 - Customs (N.T.)

                                   New Delhi, dated the 20th December, 2018
                                                 29 Agrahayana 1940 (SAKA)

       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 No.96/2018-CUSTOMS (N.T.), dated 6th
December, 2018 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 21st
December, 2018, 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.No.    Foreign Currency             Rate of exchange of one unit of foreign
                                          currency equivalent to Indian rupees
     (1)                (2)                                (3)
                                                    (a)                    (b)
                                            (For Imported         (For Exported
                                                Goods)               Goods)
     1.      Australian Dollar                     51.25                 49.15
     2.      Bahraini Dinar                        193.40               181.40
     3.      Canadian Dollar                       53.20                 51.40
     4.      Chinese Yuan                          10.40                 10.05
     5.      Danish Kroner                         10.95                 10.55
     6.      EURO                                  81.80                 78.80
     7.      Hong Kong Dollar                       9.20                  8.85
     8.      Kuwaiti Dinar                         239.95               224.70
     9.      New Zealand Dollar                    48.95                 46.75
    10.      Norwegian Kroner                       8.25                  7.95
 11.     Pound Sterling                     90.75                87.55
 12.     Qatari Riyal                       20.00                18.80
 13.     Saudi Arabian Riyal                19.45                18.20
 14.     Singapore Dollar                   52.35                50.55
 15.     South African Rand                 5. 05                 4.75
 16.     Swedish Kroner                     7.90                  7.60
 17.     Swiss Franc                        72.35                69.60
 18.     Turkish Lira                       13.75                12.90
 19.     UAE Dirham                         19.85                18.60
 20.     US Dollar                          71.45                69.75






                            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           (For Exported
                                      Goods)                 Goods)
    1.      Japanese Yen                 64.00                  61.65
    2.      Korean Won                    6.45                   6.05
                                            [F.No. 468/01/2018-Cus.V]




                                                    (Dr. Sreeparvathy S.L.)
                                    Under Secretary to the Govt. of India
                                                  TELE: 011-2309 5541

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