Finance Ministry notifies new Exchange Rate of Foreign Currency for Import and Export of Goods we.f. 6th Oct 2023

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Finance Ministry notifies new Exchange Rate of Foreign Currency for Import and Export of Goods we.f. 6th Oct 2023 [Read Notification]

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By Navasree A.M – On October 6, 2023 11:22 am – 2 mins read

The Central Board Indirect Taxes and Customs (CBIC), vide Notification No. 73/2023 – Customs (N.T.) issued on 5th October 2023 has notified the new exchange rate of foreign currency for import and export of goods with effect from 6th October 2023. This notification supprasses notification no. 68/2023 dated 21st September 2023.

SCHEDULE 1

S. No.	Foreign Currency	Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Imported Goods)	Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Export Goods)
1	Australian Dollar	54.30	51.95
2	Bahraini Dinar	228.25	214.25
3	Canadian Dollar	61.70	59.70
4	Chinese Yuan	11.55	11.25
5	Danish Kroner	11.95	11.55
6	EURO	89.25	86.10
7	Hong Kong Dollar	10.80	10.45
8	Kuwaiti Dinar	277.75	261.20
9	New Zealand Dollar	50.90	48.55
10	Norwegian Kroner	7.70	7.45
11	Pound Sterling	102.95	99.55
12	Qatari Riyal	23.55	22.15
13	Saudi Arabian Riyal	22.90	21.55
14	Singapore Dollar	61.80	59.85
15	South African Rand	4.45	4.20
16	Swedish Kroner	7.65	7.45
17	Swiss Franc	92.85	89.40
18	Turkish Lira	3.10	2.95
19	UAE Dirham	23.40	22.00
20	US Dollar	84.15	82.4

SCHEDULE 2

S. No.	Foreign Currency	Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Imported Goods)	Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Export Goods)
1	Japanese Yen	56.95	55.20
2	Korean Won	6.40	6.00

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Notification No. 73/2023 – Customs (N.T.)

Date of Judgement:   5th October, 2023

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Central Board Indirect Taxes & CustomsExport of Goods