Here is the Notification No. 101/2022 released by the Central Board of Indirect Taxes & Customs as on 1st of December 2022. This particular Customs Notification is relating to the rate of exchange for import and export of goods.
Check out the below-mentioned notification to know the changes mentioned by the department of Customs.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
Notification No. 101/2022 – Customs (N.T.)
New Delhi, dated the 1st December,
2022 10 Agrahayanal944
(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. 97/2022-Customs(N.T.), dated 17* November, 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 2n December, 2022, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to import and export goods.
SCHEDULE-I
| sl. No. | Foreign Currency | Rate of exchange of one unit of foreign currency equivalent to Indian rupees | |
| (l) | (2) | (3) | |
| (a) | (b) | ||
| (For Imported Goods) | (For Export Goods) | ||
| 1. | Australian Dollar | 56.45 | 54.05 |
| 2. | Bahraini Dinar | 222.00 | 208.75 |
| 3. | Canadian Dollar | 61.50 | 59.45 |
| 4. | Chinese Yuan | 1 1.65 | 11.30 |
| 5. | Danish Kroner | lt.55 | 11.20 |
| 6. | EURO | 86.15 | 83.10 |
| 7. | Hong Kong Dollar | 10.60 | 10.20 |
| 8. | Kuwaiti Dinar | 272.40 | 256.10 |
| 9. | New Zealand Dollar | 52.70 | 50.35 |
| 10. | Norwegian Kroner | 8.40 | 8.10 |
| 11. | Pound Sterling | 99.75 | 96.40 |
| 12. | Qatari Riyal | 23.00 | 21.40 |
| 13. | Saudi Arabian Riyal | 22.25 | 20.95 |
| 14. | Singapore Dollar | 60.75 | 58.75 |
| 15. | South African Rand | 4.90 | 4.60 |
| 16. | Swedish Kroner | 7.85 | 7.60 |
| 17. | Swiss Franc | 87.70 | 84.45 |
| 18. | Turkish Lira | 4.50 | 4.20 |
| 19. | UAE Dirham | 22.80 | 21.45 |
| US Dollar | 82.00 | 80.30 |
SCHEDULE-II
| Sl. 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 | 60.30 | 58.35 |
| 2. | Korean Won | 6.40 | 6.05 |
[F.No. 468/01/2022-Cus.VI
(Harish Kumar) Under Secretary to the Govt. of India
******
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