CBIC notified the foreign currency exchange rates for imports and exports
- Ankit Thakkar
- Mar 27, 2022
- 1 min read
The Central Board of Indirect Taxes and Customs (CBIC) of India has notified the foreign currency exchange rates for imports and exports through schedule I and schedule II to vide Notification No.10/2022 - Customs (N.T.) dated 17th February 2022 which will be effective from 18th February 2022.
Schedule I
Sr. No. | Foreign Currency | Rate for Imported Goods (1 FC* = INR) | Rate for Export Goods (1 FC* = INR) |
1 | Australian Dollar | 55.20 | 52.90 |
2 | Bahraini Dinar | 205.85 | 193.30 |
3 | Canadian Dollar | 60.20 | 58.10 |
4 | Chinese Yuan | 12.05 | 11.70 |
5 | Danish Kroner | 11.65 | 11.25 |
6 | EURO | 86.90 | 83.80 |
7 | Hong Kong Dollar | 9.80 | 9.45 |
8 | Kuwaiti Dinar | 256.85 | 240.60 |
9 | New Zealand Dollar | 51.55 | 49.25 |
10 | Norwegian Kroner | 8.60 | 8.30 |
11 | Pound Sterling | 103.85 | 100.35 |
12 | Qatari Riyal | 21.25 | 19.95 |
13 | Saudi Arabian Riyal | 20.70 | 19.40 |
14 | Singapore Dollar | 56.90 | 55.00 |
15 | South African Rand | 5.15 | 4.85 |
16 | Swedish Kroner | 8.20 | 7.90 |
17 | Swiss Franc | 83.15 | 79.95 |
18 | Turkish Lira | 5.30^ | 4.95^ |
19 | UAE Dirham | 21.15 | 19.85 |
20 | US Dollar | 76.05 | 74.35 |
*FC = Foreign Currency
INR = Indian Rupees
^ - Exchange rates for "Turkish Lira" (₺) amended vide Notification No.16/2022 - Customs (N.T.) dated 11th March 2022. The exchange rates for the Turkish Lira notified vide Notification No.10/2022 - Customs (N.T.) dated 17th February 2022 were:
Import Rate: ₹ 5.70 / ₺
Export Rate: ₹ 5.35 / ₺
Schedule II
Sr. No. | Foreign Currency | Rate for Imported Goods (100 FC* = INR) | Rate for Export Goods (100 FC* = INR) |
1 | Japanese Yen | 66.45 | 64.05 |
2 | Korean Won | 6.50 | 6.10 |
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