CBIC issued a notification regarding the determination of the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa

Oct 05, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Taxes and Customs (CBIC) on October 05, 2023, issued a notification regarding the determination of the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa.

The following has been amended namely: -

•The Central Board of Indirect Taxes and Customs determines 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 October 06, 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.

The detailed Schedule is given in the document attached below.

[Notification No. 73/2023 - Customs (N.T.)]


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