The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa. This was notified by the Press Information Bureau by its bulletin dated 5th January, 2023.
The notified rates of exchange shall will come into effect from 6th January, 2023. This rate of exchange of conversion of the foreign currencies relates to imported and exported goods.
Schedule -I states the rate of exchange of 1 unit of foreign currency equivalent to Indian Rupees for imported and exported foods. It lists 20 currencies.
Schedule-II refers to the rate of exchange of 100 unit of foreign currency equivalent to Indian Rupees for imported and exported foods. It lists 2 currencies.
