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CBIC notifies Customs Exchange rate for Import & Export with effect from 19th May, 2023 vide Exchange rate vide Notification No. 36/2023 – Customs (N.T.) Dated : 18th May, 2023.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
*****

Notification No. 36/2023 – Customs (N.T.) | Dated:  18th May, 2023

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 33/2023-Customs(N.T.), dated 4th May, 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 19th May, 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
(1) (2) (3)
(a) (b)
(For Imported Goods) (For Export Goods)
1. Australian Dollar 56.10 53.70
2. Bahraini Dinar 225.45 212.00
3. Canadian Dollar 62.30 60.20
4. Chinese Yuan 11.95 11.60
5. Danish Kroner 12.20 11.80
6. EURO 90.95 87.80
7. Hong Kong Dollar 10.70 10.35
8. Kuwaiti Dinar 276.85 260.30
9. New Zealand Dollar 53.00 50.60
10. Norwegian Kroner 7.75 7.50
11. Pound Sterling 104.65 101.20
12. Qatari Riyal 23.35 21.90
13. Saudi Arabian Riyal 22.55 21.30
14. Singapore Dollar 62.45 60.40
15. South African Rand 4.40 4.15
16. Swedish Kroner 8.00 7.75
17. Swiss Franc 93.55 90.00
18. Turkish Lira 4.30 4.05
19. UAE Dirham 23.15 21.75
20. US Dollar 83.30 81.55

SCHEDULE-II

Sl.
No.
Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1) (2) (3)
(a) (b)
(For Imported Goods) (For Export Goods)
1. Japanese Yen 60.90 58.95
2. Korean Won 6.40 6.00

[F.No. 468/01/2023-Cus.V]

(Harish Kumar)

Under Secretary to the Govt. of India

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