The Central Board of Indirect Taxes and Customs (CBIC) on October 19, 2023, issued a notification regarding the Exchange Rate for the import and export of goods.
This shall come into force on October 20, 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: -
o Australian Dollar
o Bahraini Dinar
o Canadian Dollar
o Chinese Yuan
• The Rate of exchange of 100 units of foreign currency equivalent to Indian rupees for the countries have been stated namely: -
o Japanese Yen
o Korean Won
[Notification No. 76/2023 - Customs (N.T)]
