Determines by CBIC the rate of exchange of conversion of each of the foreign currencies
Foreign currency exchange rates, Determines by CBIC the rate of exchange of conversion of each of the foreign currencies.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No.40/2019 – Customs (N.T.)
New Delhi, dated the 6th June, 2019
16 Jyaistha, 1941 (SAKA)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in suppression of the notification of the Central Board of Indirect Taxes and Customs No.37/2019-CUSTOMS (N.T.), dated 16th May, 2019 except as respects things done or omitted to be done before such suppression, 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 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|
|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 Export
(Gunjan Kumar Verma)
Under Secretary to the Govt. of India
TELE: 011-2309 5541
Visit our Partner Websites – To view our sites click on given links below
GSTpanacea.com – A commercial Tax and Goods and Service Tax related website. Here you can find all GST related latest news, notifications, orders, Circulars and many more.
To view Latest Wealthmaxi Articles Click on given Link