Exchange rate for export of goods

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Kaushik Roy (Querist)
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07 July 2025 Where from exchange rate should taken against USD for export of goods for the purpose of GST in voice & shipping bill? Please share relevant circular and also link to exchange rate

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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08 July 2025 Rule 34(1) of the CGST Rules, 2017 specifically states that "The rate of exchange for determination of value of taxable goods shall be the applicable rate of exchange as notified by the Board under section 14 of the Customs Act, 1962 for the date of time of supply of such goods in terms of section 12 of the Act."

Therefore, you need to refer to the latest Customs (N.T.) Notification issued by CBIC for exchange rates. These notifications are generally issued every fortnight.

To find the exchange rates:

CBIC Website: You can usually find the latest notifications under the "Notifications" or "Customs" section of the CBIC website.

"Tax Information" portal on the CBIC website: https://taxinformation.cbic.gov.in/

You can often find them under "Notifications" -> "Customs (N.T.)".

Other reliable sources: For example:

Press Information Bureau (PIB): https://www.pib.gov.in/ (Search for "Exchange Rate Notification Customs N.T.")

EximGuru: https://www.eximguru.com/notifications/ (Look for "Exchange Rate Notification - Customs (N.T.)")

ICEGATE: https://www.icegate.gov.in/guidelines/exchange-automation-module (This page provides general information about the exchange rate automation module but may link to the notifications.)

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