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Finance InFocus

CBIC Updates Customs Exchange Rates Effective August 2023

Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies

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SMEStreet Edit Desk
04 Aug 2023 00:00 IST
Updated On 04 Aug 2023 06:21 IST

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New Update
Exchange Rates

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 54/2023-Customs(N.T.), dated 20th July, 2023 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that 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 4th August, 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.

SCHEDULE-I

Sl.

No.

Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(2) (3)
(a) (b)
(For Imported Goods) (For Export Goods)
1. Australian Dollar 55.35 52.95
2. Bahraini Dinar 226.40 212.90
3. Canadian Dollar 63.05 60.95
4. Chinese Yuan 11.65 11.35
5. Danish Kroner 12.35 11.95
6. EURO 92.10 88.90
7. Hong Kong Dollar 10.80 10.40
8. Kuwaiti Dinar 277.35 260.75
9. New Zealand Dollar 51.65 49.30
10. Norwegian Kroner 8.15 7.90
11. Pound Sterling 107.00 103.45
12. Qatari Riyal 23.45 22.00
13. Saudi Arabian Riyal 22.75 21.40
14. Singapore Dollar 62.65 60.65
15. South African Rand 4.65 4.35
16. Swedish Kroner 7.85 7.60
17. Swiss Franc 96.10 92.40
18. Turkish Lira 3.15 3.00
19. UAE Dirham 23.25 21.85
20. US Dollar 83.60 81.90

 

SCHEDULE-II

 

Sl.

No.

Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(2) (3)
(a) (b)
(For Imported Goods) (For Export Goods)
1. Japanese Yen 58.70 56.85
2. Korean Won 6.55 6.15
Exchange Rates for Export Goods Exchange Rates Customs Exchange Rates 2023 Foreign Exchange Rates Export Import cbic Indian Currency Exchange Rates Foreign Currency Conversion Rates
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