Exchange rate Notification No.108/2020-Cus (NT) dated 19.11.2020

Last updated: 24 November 2020

Save Share

Quick Summary

This notification from the Central Board of Indirect Taxes and Customs (CBIC) sets out the official exchange rates for converting foreign currencies into Indian Rupees, and vice versa. These rates are applicable for both imported and exported goods from November 20, 2020. This supersedes the previous notification dated November 5, 2020, except for actions already completed.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
*****
Notification No. 108/2020 – Customs (N.T.)

New Delhi, dated the 19^th November, 2020
28 Kartika 1942 (SAKA)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 105/2020-Customs(N.T.), dated 5^th November, 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 20^th November, 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. No.	Foreign Currency	Rate 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 Dollar	55.40	53.10
2.	Bahraini Dinar	203.55	191.10
3.	Canadian Dollar	57.80	55.80
4.	Chinese Yuan	11.50	11.15
5.	Danish Kroner	12.00	11.60
6.	EURO	89.65	86.45
7.	Hong Kong Dollar	9.75	9.40
8.	Kuwaiti Dinar	251.05	235.40
9.	New Zealand Dollar	52.70	50.40
10.	Norwegian Kroner	8.35	8.10
11.	Pound Sterling	100.05	96.65
12.	Qatari Riyal	20.80	19.45
13.	Saudi Arabian Riyal	20.45	19.20
14.	Singapore Dollar	56.30	54.40
15.	South African Rand	4.95	4.65
16.	Swedish Kroner	8.80	8.50
17.	Swiss Franc	83.20	79.95
18.	Turkish Lira	9.90	9.35
19.	UAE Dirham	20.90	19.60
0.	US Dollar	75.20	73.50

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 Goods)	(For Export Goods)
1.	Japanese Yen	73.00	70.35
0.	Korean Won	6.90	6.45

[F.No. 468/01/2020-Cus.V]

(Kevin Boban)
Under Secretary to the Govt. of India

FAQ :

This notification establishes the official rates of exchange for converting foreign currencies into Indian currency, or vice versa, for imported and exported goods.

These exchange rates are effective from November 20, 2020.

This notification supersedes Notification No. 105/2020-Customs(N.T.), dated November 5, 2020, except for things done or omitted before the supersession.

Yes, the rates of exchange are specified separately for imported goods and exported goods in the schedules.

Schedule I covers currencies such as Australian Dollar, Bahraini Dinar, Canadian Dollar, Chinese Yuan, Danish Kroner, EURO, Hong Kong Dollar, Kuwaiti Dinar, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Qatari Riyal, Saudi Arabian Riyal, Singapore Dollar, South African Rand, Swedish Kroner, Swiss Franc, Turkish Lira, UAE Dirham, and US Dollar.

Schedule II covers Japanese Yen and Korean Won.