Central Board of Indirect Taxes & Customs has released a notification where CBDT has determined the rate of exchange on 17th November, 2022. The notification is as follows:-
CBDT released Notification No. 97/2022 relating to Custom which states :-
“ In exercise of the powers conferred by Section 14 of the Customs Act 1962 and in supersession of the Notification No. 92/2022-Custom (N.T) dated 3rd November, 2022 except as respects things done or omitted to be done before supersession, the Central Board of Indirect Taxes and Custom hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 18th November 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.
Here is a copy of the notification that is related to the exchange rate issued by the Central Board of Indirect taxes and Customs.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
Notification No. 97/2022 – Customs (N.T.)
New Delhi, dated the 17″ November, 2022
26 Kartika 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. 92/2022-Customs(N.T.), dated 3′d 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 11 annexed hereto, into Indian currency or vice versa, shall, with effect from 18 November, 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 | |
| (ij | (2) | (3) | |
| (b) | |||
| (For Imported Goods) | (For Export Goods) | ||
| Australian Dollar | 56.05 | 53.65 | |
| 2. | Bahraini Dinar | 223.65 | 210.30 |
| 3. | Canadian Dollar | 62.20 | 60.20 |
| 4. | Chinese Yuan | 11.60 | 11.30 |
| 5. | Danish Kroner | 1 1.60 | 11.20 |
| 6. | EURO | 86.25 | 83.20 |
| 7. | Hong Kong Dollar | 10.60 | 10.25 |
| 8. | Kuwaiti Dinar | 273.75 | 257.40 |
| 9. | New Zealand Dollar | 51.45 | 49.10 |
| 10. | Norwegian Kroner | 8.30 | 8.00 |
| 1 1. | Pound Sterling | 98.75 | 95.40 |
| 12. | Qatari Riyal | 23.05 | 21.65 |
| 13. | Saudi Arabian R iyal | 22.45 | 21.10 |
| 14. | Singapore Dollar | 60.45 | 58.50 |
| 15. | South African Rand | 4.85 | 4.55 |
| 16. | Swedish Kroner | 7.90 | 7.65 |
| 17. | Swiss Franc | 88.00 | 84.75 |
| 18. | Turkish Lira | 4.50 | 4.25 |
| 19. | UAE Dirham | 22.95 | 21.60 |
| 20. | US Dollar | 82.60 | 80.90 |
SCHEDULE-II
| SI.No. | Foreign Currency | Rate of exchange of 100 units of foreign currency equivalent to Indian Currency | ||
| (1) | (2) | (3) | ||
| ||||
| ||||
| 1. | Japanese Yen |
| ||
| 2. | Korean Won |
|
(Harish Kumar)
Under Secretary to the Govt. of India
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