Finance Ministry Issues Fresh Exchange Rate Notification

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In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 26/2023-Customs(N.T.), dated 6th April, 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 21st April, 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.




Foreign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
  (For Imported Goods)(For Export Goods)
1.Australian Dollar56.4554.05
2.Bahraini Dinar225.10211.70
3.Canadian Dollar62.1060.10
4.Chinese Yuan12.1011.75
5.Danish Kroner12.3011.90
7.Hong Kong Dollar10.6510.30
8.Kuwaiti Dinar276.85260.25
9.New Zealand Dollar52.0549.70
10.Norwegian Kroner7.907.65
11.Pound Sterling104.00100.60
12.Qatari Riyal23.3021.85
13.Saudi Arabian Riyal22.6521.30
14.Singapore Dollar62.7060.65
15.South African Rand4.654.40
16.Swedish Kroner8.057.80
17.Swiss Franc93.5090.00
18.Turkish Lira4.354.10
19.UAE Dirham23.1021.75
20.US Dollar83.1581.40






Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
  (For Imported Goods)(For Export Goods)
1.Japanese Yen62.1060.10
2.Korean Won6.406.00


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