Exchange Rate Notification No. 02/2023 under Sec-14 of the Customs Act, 1962 (05/01/2023)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 109/2022-Customs(N.T.), dated 15^th December, 2022 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 6^th January, 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	57.75	55.30
2.	Bahraini Dinar	226.55	213.05
3.	Canadian Dollar	62.35	60.30
4.	Chinese Yuan	12.20	11.85
5.	Danish Kroner	12.00	11.60
6.	EURO	89.50	86.30
7.	Hong Kong Dollar	10.80	10.40
8.	Kuwaiti Dinar	278.75	262.10
9.	New Zealand Dollar	53.45	51.05
10.	Norwegian Kroner	8.35	8.05
11.	Pound Sterling	101.45	98.10
12.	Qatari Riyal	23.30	21.90
13.	Saudi Arabian Riyal	22.70	21.35
14.	Singapore Dollar	62.75	60.7
15.	South African Rand	5.05	4.75
16.	Swedish Kroner	8.00	7.75
17.	Swiss Franc	90.80	87.40
18.	Turkish Lira	4.55	4.30
19.	UAE Dirham	23.25	21.85
20.	US Dollar	83.70	81.95

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	63.70	61.65
2.	Korean Won	6.70	6.30

© Advocatetanmoy Law Library

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