CBIC determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa

Mar 27, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Taxes and Customs (CBIC) on March 26, 2024, determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa.

The following has been stated: -

•In supersession of the Notification No. 18/2024-Customs(N.T.), dated March 07, 2024, the CBIC determined the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II into Indian currency or vice versa with effect from March 27, 2024, the rate is mentioned against it in the corresponding entry in column (3) relating to import and export of goods.

Schedule I and Schedule II are given in the document attached below.

[Notification No. 24/2024 - Customs (N.T.)]


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