GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
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Notification No. 87/2022 – Customs (N.T.)
New Delhi, dated the 6th October, 2022
14 Ashvina 1944 (SAKA)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 78/2022-Customs(N.T.), dated 15th September, 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 7th October, 2022, 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
| SI.No. | Foreign Currency | Rate of exchange of one unit of foreign currency equivalent to Indian rupees |
| (1) | (2) | (3) |
| | | | (a) | (b) | | (For Imported Goods) | (For Export Goods) |
|
| 1. | Australian Dollar | |
| 2. | Bahraini Dinar | |
| 3. | Canadian Dollar | |
| 4. | Chinese Yuan | |
| 5. | Danish Kroner | |
| 6. | EURO | |
| 7. | Hong Kong Dollar | |
| 8. | Kuwaiti Dinar | |
| 9. | New Zealand Dollar | |
| 10. | Norwegian Kroner | |
| 11. | Pound Sterling | |
| 12. | Qatari Riyal | |
| 13. | Saudi Arabian Riyal | |
| 14. | Singapore Dollar | |
| 15. | South African Rand | |
| 16. | Swedish Kroner | |
| 17. | Swiss Franc | |
| 18. | Turkish Lira | |
| 19. | UAE Dirham | |
| 20. | US Dollar | |
SCHEDULE-II
| SI. No. | Foreign Currency | Rate of exchange of 100 units of foreign currency equivalent to Indian rupees |
| (1) | (2) | (3) |
| | | (a) | (b) | | (For Imported Goods) | (For Export Goods) |
|
| 1. | Japanese Yen 57.35 55.50 | |
| 2. | Korean Won 6.00 5.65 | |
[F.No. 468/01/2022-Cus.V]
(Harish Kumar)
Under Secretary to the Govt. of India
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So, this was all about the latest update direct from the Central Board of Indirect Taxes & Customs. Stay tuned with EAdvisors and get to know what all new things are coming up in the law and act of various departments.
To get the original document, below is the button given in the red box from there you can download the pdf file of the CBIC Press Release.
