CBIC notifies Customs Exchange rate for Import & Export wef 02.06.2023

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 39/2023 – Customs (N.T.) on June 1, 2023, regarding the exchange rates for import and export transactions. These rates will come into effect from June 2, 2023.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
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Notification No. 39/2023 – Customs (N.T.) | Dated: 01^st June, 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. 36/2023-Customs(N.T.), dated 18^th 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 2^nd June, 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

SCHEDULE-II

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

(Komila Punia)

Deputy Secretary to the Govt. of India