Ministry of Finance Issues Exchange Rate Notification No. 68/2023 – Customs (N.T.)

September 23, 2023 PIB

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Reserve Bank of India
Reserve Bank of India

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 64/2023-Customs(N.T.), dated 6th September, 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 22nd September, 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

(2)

(3)
   

(a)

(b)
    (For Imported Goods) (For Export Goods)
1. Australian Dollar 54.55 52.20
2. Bahraini Dinar 228.00 214.00
3. Canadian Dollar 62.70 60.65
4. Chinese Yuan 11.55 11.25
5. Danish Kroner 12.05 11.65
6. EURO 90.05 86.90
7. Hong Kong Dollar 10.80 10.45
8. Kuwaiti Dinar 277.65 261.10
9. New Zealand Dollar 50.50 48.20
10. Norwegian Kroner 7.80 7.55
11. Pound Sterling 104.20 100.80
12. Qatari Riyal 23.55 22.10
13. Saudi Arabian Riyal 22.85 21.50
14. Singapore Dollar 61.80 59.85
15. South African Rand 4.55 4.25
16. Swedish Kroner 7.55 7.30
17. Swiss Franc 94.20 90.65
18. Turkish Lira 3.15 3.00
19. UAE Dirham 23.35 21.95
20. US Dollar 84.05 82.30

 

SCHEDULE-II

Sl.

No.

 Foreign Currency Rate of exchange of 100 units of foreign currency

equivalent to Indian rupees

(2)

(3)
   

(a)

(b)
   

(For Imported Goods)

(For Export Goods)
1. Japanese Yen 56.95 55.20
2. Korean Won 6.40 6.00

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