CBIC issued a notification on the Foreign Exchange Rate for Imported and Exported Goods

Jun 02, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Taxes and Customs (CBIC) on June 01, 2023, issued a notification regarding the rate of exchange of conversion of foreign currency for imported and exported goods

This is in supersession of the Notification No. 36/2023-Customs(N.T.), dated May 18, 2023.

Schedule I provides the Rate of exchange pertaining to the import and export of goods of one unit of foreign currency equivalent to Indian rupees of the following foreign currency: -

• Australian Dollar

• Bahrain Dinar

• Canadian Dollar

• Chinese Yuan

• Danish Kroner

• EURO

• Hong Kong Dollar

• Kuwait Dinar

• New Zealand Dollar

• Norwegian Kroner

Schedule II provides the Rate of exchange pertaining to the import and export of goods of 100 units of foreign currency equivalent to Indian rupees of the following foreign currency: 

• Japanese Yen

• Korean Won

This shall come into effect on June 02, 2023.

Disclaimer: Refer to the document to view the conversion rate in detail.

[Notification No. 39/2023 - Customs (N.T.)]


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