CBIC notified the foreign currency exchange rates for imports and exports
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 |
