The Central Board of Indirect Taxes and Customs ( CBIC ), vide notification no. 45/2024 – Customs (N.T.) issued on 20th June 2024 has updated the foreign currency exchange rate for the import and exchange of goods.
These rates, specified in column (3) against each currency in the respective schedules, apply for the conversion into Indian currency or vice versa. This determination is applicable for the purposes of the said section, concerning the import and export of goods. The supersession does not affect actions taken or omitted before this change.
SCHEDULE 1
| S. No. | Foreign Currency | Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Imported Goods) | Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Export Goods) |
| 1 | Australian Dollar | 56.90 | 54.50 |
| 2 | Bahraini Dinar | 230.00 | 213.25 |
| 3 | Canadian Dollar | 61.80 | 59.90 |
| 4 | Chinese Yuan | 11.70 | 11.30 |
| 5 | Danish Kroner | 12.20 | 11.85 |
| 6 | EURO | 91.20 | 88.10 |
| 7 | Hong Kong Dollar | 10.85 | 10.55 |
| 8 | Kuwaiti Dinar | 281.05 | 263.60 |
| 9 | New Zealand Dollar | 52.35 | 50.05 |
| 10 | Norwegian Kroner | 8.00 | 7.80 |
| 11 | Pound Sterling | 107.85 | 104.35 |
| 12 | Qatari Riyal | 24.5 | 21.35 |
| 13 | Saudi Arabian Riyal | 22.65 | 21.65 |
| 14 | Singapore Dollar | 62.75 | 60.75 |
| 15 | South African Rand | 4.80 | 4.50 |
| 16 | Swedish Kroner | 8.10 | 7.90 |
| 17 | Swiss Franc | 96.20 | 92.65 |
| 18 | Turkish Lira | 2.65 | 2.50 |
| 19 | UAE Dirham | 23.45 | 22.05 |
| 20 | US Dollar | 84.30 | 82.60 |
SCHEDULE 2
| S. No. | Foreign Currency | Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Imported Goods) | Rate of exchange of 1 unit of foreign currency equivalent to Indian rupees (For Export Goods) |
| 1 | Japanese Yen | 53.60 | 52.00 |
| 2 | Korean Won | 6.20 | 5.85 |
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