Revised custom exchange rates


Ministry of Finance on 04 May, 2023 has issued the revised customs exchange rates. The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II , into Indian currency or vice versa, shall, with effect from 05th May, 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.


Sl.No.Foreign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
  (For Imported Goods)(For Export Goods)
1.Australian Dollar55.9053.50
2.Bahraini Dinar223.55210.20
3.Canadian Dollar61.1559.10
4.Chinese Yuan12.0011.70
5.Danish Kroner12.3511.95
7.Hong Kong Dollar10.6010.25
8.Kuwaiti Dinar275.55259.05
9.New Zealand Dollar52.4050.05
10.Norwegian Kroner7.757.50
11.Pound Sterling104.55101.15
12.Qatari Riyal23.1521.60
13.Saudi Arabian Riyal22.5021.10
14.Singapore Dollar62.6060.55
15.South African Rand4.654.35
16.Swedish Kroner8.107.85
17.Swiss Franc94.4090.80
18.Turkish Lira4.304.05
19.UAE Dirham22.9521.60
20.US Dollar82.6080.85


Sl.No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
  (For Imported Goods)(For Export Goods)
1.Japanese Yen61.7559.75
2.Korean Won

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill in the form

    Labour LawsEnvironment, Health and SafetyDirect Tax lawsIndirect tax laws (GST/ Customs / VAT)Corporate Laws (Company Law, SEBI & FEMA)Food Safety LawsFinancial Service sectorInsurance SectorHealthcare SectorOther ancillary laws

    Do you want GST Refund ?

      Get In Touch

        Get Bulk Subscription