The Central Board of Indirect Taxes and Customs (CBIC) on March 07, 2024, issued a notification regarding the rate of exchange of foreign currency to Indian Rupees.
The following countries are stated namely: -
• Rate of exchange of one unit of foreign currency equivalent to Indian rupees: -
o Australian Dollar- 55.70 (Imported Goods) and 53.30 (Export Goods)
o Bahraini Dinar – 228.45 (Imported Goods) and 211.85 (Export Goods)
• Rate of exchange of 100 units of foreign currency equivalent to Indian rupees: -
o Japanese Yen – 56.60 (Imported Goods) and 54.85 (Export Goods)
o Korean Won – 6.40 (Imported Goods) and 6.05 (Export Goods)
[Notification No. 18/2024 – Customs (N.T.)]
