Finance Ministry Issues Fresh Exchange Rate Notification

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 26/2023-Customs(N.T.), dated 6 th  April, 2023 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 21 st  April, 2023, 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







(2)
(3)


 
 
(a)
(b)


 
 
(For Imported Goods)
(For Export Goods)


1.
Australian Dollar
56.45
54.05


2.
Bahraini Dinar
225.10
211.70


3.
Canadian Dollar
62.10
60.10


4.
Chinese Yuan
12.10
11.75


5.
Danish Kroner
12.30
11.90


6.
EURO
91.80
88.55


7.
Hong Kong Dollar
10.65
10.30


8.
Kuwaiti Dinar
276.85
260.25


9.
New Zealand Dollar
52.05
49.70


10.
Norwegian Kroner
7.90
7.65


11.
Pound Sterling
104.00
100.60


12.
Qatari Riyal
23.30
21.85


13.
Saudi Arabian Riyal
22.65
21.30


14.
Singapore Dollar
62.70
60.65


15.
South African Rand
4.65
4.40


16.
Swedish Kroner
8.05
7.80


17.
Swiss Franc
93.50
90.00


18.
Turkish Lira
4.35
4.10


19.
UAE Dirham
23.10
21.75


20.
US Dollar
83.15
81.40



 
SCHEDULE-II
 




Sl.
No.
Foreign Currency
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees







(2)
(3)


 
 
(a)
(b)


 
 
(For Imported Goods)
(For Export Goods)


1.
Japanese Yen
62.10
60.10


2.
Korean Won
6.40
6.00




 
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