Sponsored
    Follow Us:
Sponsored

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
*****

Notification No. 39/2023 – Customs (N.T.) | Dated: 01st 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 18th 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 2nd 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

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 55.00 52.65
2. Bahraini Dinar 225.85 212.40
3. Canadian Dollar 61.90 59.85
4. Chinese Yuan 11.80 11.45
5. Danish Kroner 12.05 11.65
6. EURO 89.85 86.70
7. Hong Kong Dollar 10.70 10.35
8. Kuwaiti Dinar 276.90 260.30
9. New Zealand Dollar 51.00 48.70
10. Norwegian Kroner 7.60 7.35
11. Pound Sterling 104.45 101.00
12. Qatari Riyal 23.40 21.95
13. Saudi Arabian Riyal 22.60 21.35
14. Singapore Dollar 62.10 60.10
15. South African Rand 4.30 4.05
16. Swedish Kroner 7.75 7.50
17. Swiss Franc 92.40 89.00
18. Turkish Lira 4.10 3.85
19. UAE Dirham 23.20 21.80
20. US Dollar 83.40 81.70

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 60.15 58.25
2. Korean Won 6.45 6.05

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

(Komila Punia)

Deputy Secretary to the Govt. of India

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Sponsored
Search Post by Date
October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031