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CBIC notifies Customs Exchange rate for Import & Export with effect from 20th January, 2023 vide Exchange rate vide Notification No. 05/2023 – Customs (N.T.) Dated 19th January, 2023.

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

Notification No. 05/2023 – Customs (N.T.) | Dated: 19th January, 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. 02/2023-Customs(N.T.), dated 5th January, 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 20th January, 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 57.50 55.10
2. Bahraini Dinar 222.75 209.45
3. Canadian Dollar 61.30 59.30
4. Chinese Yuan 12.20 11.85
5. Danish Kroner 12.00 11.60
6. EURO 89.45 86.35
7. Hong Kong Dollar 10.60 10.20
8. Kuwaiti Dinar 275.10 258.60
9. New Zealand Dollar 53.70 51.30
10. Norwegian Kroner 8.30 8.05
11. Pound Sterling 102.10 98.70
12. Qatari Riyal 23.05 21.50
13. Saudi Arabian Riyal 22.35 21.00
14. Singapore Dollar 62.60 60.55
15. South African Rand 4.90 4.60
16. Swedish Kroner 8.00 7.75
17. Swiss Franc 90.55 87.15
18. Turkish Lira 4.45 4.20
19. UAE Dirham 22.85 21.50
20. US Dollar 82.30 80.55

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 64.50 62.40
2. Korean Won 6.80 6.40

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

(Harish Kumar)
Under Secretary to the Govt. of India

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