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Taxation Central Ministry of Finance Customs Act, 1962

Exchange rates for foreign currencies concerning the Indian rupee with respect to imported and exported goods

17-Aug-2023 | 61/2023 - Customs (N.T.)

Central Board of Indirect Taxes and Customs has issued a Notification regarding the determination of exchange rates for foreign currencies into Indian rupee with respect to imported and exported goods, effective from 18th August 2023.

1. SCHEDULE-I (For Imported Goods)
a. Australian Dollar: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 54.25
b. Bahraini Dinar: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 227.25
c. Canadian Dollar: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 62.40
d. Chinese Yuan: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 11.50
e. Danish Kroner: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 12.30

2. SCHEDULE-I (For Export Goods)
a. Australian Dollar: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 51.95
b. Bahraini Dinar: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 213.75
c. Canadian Dollar: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 60.35
d. Chinese Yuan: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 11.20
e. Danish Kroner: Rate of exchange of one unit of foreign currency equivalent to Indian rupees - 11.90

3. SCHEDULE-II (For Imported Goods)
a. Japanese Yen: Rate of exchange of 100 units of foreign currency equivalent to Indian rupees - 57.65
b. Korean Won: Rate of exchange of 100 units of foreign currency equivalent to Indian rupees - 6.40.

4. SCHEDULE-II (For Export Goods)
a. Japanese Yen: Rate of exchange of 100 units of foreign currency equivalent to Indian rupees - 55.85
b. Korean Won: Rate of exchange of 100 units of foreign currency equivalent to Indian rupees - 6.00.

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