The Government of India, through the Ministry of Finance, Department of Revenue, has issued Notification No. 30/2024-Customs (N.T.) dated 18th April, 2024. This notification determines the exchange rates for foreign currencies concerning the Customs Act, 1962. Notification No. 30/2024 supersedes the previous Notification No. 27/2024-Customs(N.T.), dated 4th April, 2024 and provides updated exchange rates for converting foreign currencies to Indian rupees and vice versa.
Schedule I lists the exchange rates for one unit of various foreign currencies concerning both imported and exported goods. For example, the Australian Dollar’s exchange rate for imported goods is 55.10 INR, while for exported goods, it’s 52.70 INR.
Similarly, Schedule II provides exchange rates for 100 units of foreign currencies, such as the Japanese Yen and Korean Won, for imported and exported goods. Revised rates are applicable from 19th April, 2024
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
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Notification No. 30/2024 – Customs (N.T.) | dated the 18th April, 2024
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 27/2024-Customs(N.T.), dated 4th April, 2024 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 April, 2024, 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 | 55.10 | 52.70 |
| 2. | Bahraini Dinar | 230.30 | 213.50 |
| 3. | Canadian Dollar | 61.70 | 59.80 |
| 4. | Chinese Yuan | 11.75 | 11.35 |
| 5. | Danish Kroner | 12.10 | 11.80 |
| 6. | EURO | 90.75 | 87.65 |
| 7. | Hong Kong Dollar | 10.80 | 10.55 |
| 8. | Kuwaiti Dinar | 280.05 | 262.65 |
| 9. | New Zealand Dollar | 50.65 | 48.35 |
| 10. | Norwegian Kroner | 7.70 | 7.50 |
| 11. | Pound Sterling | 105.90 | 102.45 |
| 12. | Qatari Riyal | 23.70 | 22.25 |
| 13. | Saudi Arabian Riyal | 23.00 | 21.70 |
| 14. | Singapore Dollar | 62.50 | 60.50 |
| 15. | South African Rand | 4.55 | 4.25 |
| 16. | Swedish Kroner | 7.75 | 7.55 |
| 17. | Swiss Franc | 93.55 | 90.10 |
| 18. | Turkish Lira | 2.65 | 2.50 |
| 19. | UAE Dirham | 23.45 | 22.05 |
| 20. | US Dollar | 84.40 | 82.70 |
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 | 55.00 | 53.35 |
| 2. | Korean Won | 6.30 | 5.9 |
[F.No. 468/01/2024-Cus.V]
(Megha Bansal)
Under Secretary to the Govt. of India
