The Central Board of Indirect Taxes and Customs, Department of Revenue, on 4th August, 2022, has issued a notification declaring the rate of exchange of foreign currencies for purposes relating to import and export of goods, in supersession of an earlier notification dated 21st July, 2022. The notification provides a Schedule containing the exchange rates of following currencies of various foreign countries into Indian rupees, for imported and export goods:
- Australian Dollar
- Bahraini Dinar
- Canadian Dollar
- Chinese Yuan
- Danish Kroner
- EURO
- Hong Kong Dollar
- Kuwaiti Dinar
- New Zealand Dollar
- Norwegian Kroner
- Pound Sterling
- Qatari Riyal
- Saudi Arabian Riyal
- Singapore Dollar
- South African Rand
- Swedish Kroner
- Swiss Franc
- Turkish Lira
- UAE Dirham
- US Dollar
- Japanese Yen
- Korean Won
The determined rates shall come into effect from 5th August, 2022.