1) The Central Board of Indirect Taxes and Customs of India notified new exchange rates of foreign currencies into Indian rupees that will take effect from March 17, 2023.
2) The notification supersedes an earlier notification from March 2, 2023 and provides the exchange rate for 20 foreign currencies in Schedule I and 2 currencies in Schedule II for imported and export goods.
3) The exchange rates will be used to determine tariffs on imported and exported goods under the Customs Act of 1962.
1) The Central Board of Indirect Taxes and Customs of India notified new exchange rates of foreign currencies into Indian rupees that will take effect from March 17, 2023.
2) The notification supersedes an earlier notification from March 2, 2023 and provides the exchange rate for 20 foreign currencies in Schedule I and 2 currencies in Schedule II for imported and export goods.
3) The exchange rates will be used to determine tariffs on imported and exported goods under the Customs Act of 1962.
1) The Central Board of Indirect Taxes and Customs of India notified new exchange rates of foreign currencies into Indian rupees that will take effect from March 17, 2023.
2) The notification supersedes an earlier notification from March 2, 2023 and provides the exchange rate for 20 foreign currencies in Schedule I and 2 currencies in Schedule II for imported and export goods.
3) The exchange rates will be used to determine tariffs on imported and exported goods under the Customs Act of 1962.
1) The Central Board of Indirect Taxes and Customs of India notified new exchange rates of foreign currencies into Indian rupees that will take effect from March 17, 2023.
2) The notification supersedes an earlier notification from March 2, 2023 and provides the exchange rate for 20 foreign currencies in Schedule I and 2 currencies in Schedule II for imported and export goods.
3) The exchange rates will be used to determine tariffs on imported and exported goods under the Customs Act of 1962.
MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 15/2023 - Customs (N.T.)
New Delhi, dated the 16th March, 2023
25 Phalguna 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. 12/2023-Customs(N.T.), dated 2 nd March, 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 17th March, 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. Foreign Currency Rate of exchange of one unit of foreign currency
No. equivalent to Indian rupees (1) (2) (3) (a) (b)
(For Imported Goods) (For Export Goods)
1. Australian Dollar 56.15 53.70
2. Bahraini Dinar 226.55 213.10 3. Canadian Dollar 61.20 59.25 4. Chinese Yuan 12.15 11.80 5. Danish Kroner 12.00 11.60 6. EURO 89.35 86.20 7. Hong Kong Dollar 10.75 10.35 8. Kuwaiti Dinar 278.35 261.75 9. New Zealand Dollar 52.35 50.05 10. Norwegian Kroner 7.85 7.60 11. Pound Sterling 101.70 98.30 12. Qatari Riyal 23.45 21.95 13. Saudi Arabian Riyal 22.75 21.40 14. Singapore Dollar 62.30 60.30 15. South African Rand 4.65 4.35 16. Swedish Kroner 7.95 7.70 17. Swiss Franc 90.70 87.30 18. Turkish Lira 4.50 4.25 19. UAE Dirham 23.25 21.85 20. US Dollar 83.70 81.95
SCHEDULE-II
Sl. Foreign Currency Rate of exchange of 100 units of foreign currency
No. equivalent to Indian rupees (1) (2) (3) (a) (b) (For Imported Goods) (For Export Goods) 1. Japanese Yen 63.40 61.40 2. Korean Won 6.50 6.10 [F.No. 468/01/2023-Cus.V]
(Harish Kumar) Under Secretary to the Govt. of India
