Current Custom Exchange Rate Notification

Custom Exchange Rate Notification

If you are searching for the latest custom exchange rate.

Then you are on right page!

Here you will get the current exchange rate of customs which is used for import/export.


Hello, friend welcomes to “Indiancustoms.info” Here I provided the current exchange rate of customs.

Customs update the exchange rate on twice in a month basis.

Whenever custom updates the exchange rate, we will also update the same here.

We also explained what is the exchange rate and how you can check the previous year’s exchange rate of customs.

If you want to know anything more about the exchange rate then you can ask in the comment box.

Also Read:- Faceless Assessment: Reality & Importance.

Current Exchange Rate of Customs

Current Exchange Rate of Customs.

Customs divided the exchange rate into two schedules, Currently, in the First schedule 20 currencies are included.

In the second schedule, only 2 currencies are included, maybe in the future custom adds more currencies.

Below I provided the latest exchange rate of customs which is effective from 08th January 2021.

SCHEDULE-I

Sl. No.Foreign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
  For Imported
Goods
For Exported Goods
1Australian Dollar58.3055.90
2Bahraini Dinar200.35188.05
3Canadian Dollar58.7556.70
4Chinese Yuan11.5011.15
5Danish Kroner12.3511.90
6EURO91.8088.60
7Hong Kong Dollar9.609.25
8Kuwaiti Dinar249.20233.60
9New Zealand Dollar54.7552.35
10Norwegian Kroner8.858.55
11Pound Sterling101.2097.80
12Qatari Riyal20.7519.45
13Saudi Arabian Riyal20.1518.90
14Singapore Dollar56.4554.55
15South African Rand5.004.70
16Swedish Kroner9.158.80
17Swiss Franc85.0081.50
18Turkish Lira10.309.70
19UAE Dirham20.5519.30
20US Dollar74.0072.30

SCHEDULE-II

Sl. No.Foreign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
  For Imported
Goods
For Export Goods
1Japanese Yen72.3069.60
2Korean Won6.956.50

You can also check the current customs exchange rate notification on the official website by clicking the below button.

When you click on this button it will redirect you to the official customs exchange rate notification page of the Central Board of Indirect Taxes and Customs (CBIC).

Also Read:- ASEAN India Free Trade Agreement.

What Is Exchange Rate?

What Is Exchange Rate?

The exchange rate is the value of one country’s currency in relation to the author’s currency.

99% of export import shipments are done in foreign currency.

So, the Central Board of Indirect Taxes and Customs (CBIC) fixed a rate of exchange for each currency for import-export Customs clearance.

Exchange rates are determined in the foreign exchange market.

The CBIC monitors the exchange rate changes and releases the updated exchange rate notification on time to time basis.

How To Check Old Exchange Rates?

How To Check Old Exchange Rates?

Checking old or previous years exchange rate is very easy process.

To check the old exchange rate first you need to visit the notification page by clicking the above button.

There you can see an option of year.

Custom Exchange Rate Notification

By clicking on year you can get list of previous years.

You just need to select a year which years exchange rate you need.

And it will show you the whole notification of the exchange rate for the particular year.

I hope now you understand how to get custom exchange rate notification and how to check the old exchange rate of customs. Comment below if anyone has any suggestions or queries.

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