Custom Exchange Rate [Updated Import Export Exchange Rate]

If you are searching for the latest custom exchange rate.

Then you are on the right page!

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

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

Customs update the exchange rate twice every month. Whenever customs updates the exchange rate, we will also revise the same here.

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

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

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Current Custom Exchange Rate Used For Import Export.

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 customs add more currencies.

Below I provided the latest custom exchange rate which is effective from 20th January 2023.

SCHEDULE-I

SCHEDULE-II

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

View Exchange Rate Notification

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?

The exchange rate is the value of one country’s currency concerning 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 currency exchange rate 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 a time-to-time basis.

How To Check Old Exchange Rates?

Checking the old or previous year’s exchange rate is a very easy process.

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

There you can see an option of year.

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

You just need to select a year and which year’s 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.