Exchange Rate Notification No. 70/2022 – Customs (N.T.)

INVC NEWS
New Delhi ,

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 66/2022-Customs(N.T.), dated 4th August, 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 19th August, 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

Sl.

No.

Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(2) (3)
    (a) (b)
    (For Imported Goods) (For Export Goods)
1. Australian Dollar 56.45 54.10
2. Bahraini Dinar 217.95 204.85
3. Canadian Dollar 62.70 60.60
4. Chinese Yuan 11.90 11.55
5. Danish Kroner 11.10 10.70
6. EURO 82.55 79.55
7. Hong Kong Dollar 10.35 10.00
8. Kuwaiti Dinar 267.75 251.60
9. New Zealand Dollar 51.35 49.05
10. Norwegian Kroner 8.35 8.05
11. Pound Sterling 97.65 94.35
12. Qatari Riyal 22.55 20.95
13. Saudi Arabian Riyal 21.90 20.55
14. Singapore Dollar 58.60 56.65
15. South African Rand 4.95 4.65
16. Swedish Kroner 7.80 7.55
17. Swiss Franc 85.35 82.15
18. Turkish Lira 4.55 4.30
19. UAE Dirham 22.35 21.00
20. US Dollar 80.50 78.80

SCHEDULE-II

Sl.

No.

Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(2) (3)
    (a) (b)
    (For Imported Goods) (For Export Goods)
1. Japanese Yen 60.05 58.10
2. Korean Won 6.25 5.85

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