CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 6th May, 2022 vide Exchange rates Notification No. 40/2022-Customs (N.T.) dated 5th May, 2022.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
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Notification No. 40/2022 – Customs (N.T.)
New Delhi, dated the 5th May, 2022
15 Vaisakha 1944 (SAKA)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.34/2022-Customs(N.T.), dated 21st April, 2022 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 6th May, 2022, 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 | 56.45 | 54.10 |
| 2. | Bahraini Dinar | 208.55 | 195.90 |
| 3. | Canadian Dollar | 60.90 | 58.80 |
| 4. | Chinese Yuan | 11.70 | 11.35 |
| 5. | Danish Kroner | 11.05 | 10.70 |
| 6. | EURO | 82.45 | 79.45 |
| 7. | Hong Kong Dollar | 9.90 | 9.55 |
| 8. | Kuwaiti Dinar | 256.65 | 240.60 |
| 9. | New Zealand Dollar | 51.25 | 48.95 |
| 10. | Norwegian Kroner | 8.40 | 8.10 |
| 11. | Pound Sterling | 97.65 | 94.35 |
| 12. | Qatari Riyal | 21.60 | 20.15 |
| 13. | Saudi Arabian Riyal | 20.95 | 19.70 |
| 14. | Singapore Dollar | 56.40 | 54.55 |
| 15. | South African Rand | 5.10 | 4.75 |
| 16. | Swedish Kroner | 7.95 | 7.70 |
| 17. | Swiss Franc | 79.90 | 76.90 |
| 18. | Turkish Lira | 5.35 | 5.00 |
| 19. | UAE Dirham | 21.40 | 20.10 |
| 20. | US Dollar | 77.05 | 75.35 |
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 | 60.00 | 58.00 |
| 2. | Korean Won | 6.30 | 5.90 |
[F.No. 468/01/2022-Cus.V]
(Harish Kumar)
Under Secretary to the Govt. of India
