CBIC notified regarding the Rate of Exchange of foreign currency equivalent to Indian rupees

Jun 18, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Taxes and Customs (CBIC) on June 15, 2023, issued a notification in supersession to Notification No. 39/2023-Customs(N.T.) dated June 01, 2023, which states the Rate of Exchange of one unit of foreign currency equivalent to Indian rupees.

The following has been stated namely: -

• The Rate of exchange of one unit of foreign currency equivalent to Indian rupees for the following countries have been stated namely: -

1. Australian Dollar

2. Bahraini Dinar

3. Canadian Dollar

4. Chinese Yuan

• The Rate of exchange of 100 units of foreign currency equivalent to Indian rupees for the countries have been stated namely: -

1. Japanese Yen

2. Korean Won

 

[Notification No. 44/2023 – Customs (N.T.)]


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