CBIC issued the Exchange Rate for the import and export of goods

Aug 03, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Taxes and Customs (CBIC) issued the Exchange Rate for the import and export of goods.

This is in supersession of Notification No. 54/2023-Customs(N.T.), dated July 20, 2023.

This shall come into force on August 04, 2023

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. 57/2023 – Customs (N.T.)]


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