Exchange rate for export of goods
This query is : Resolved
Quick Summary
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
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.)
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.)
26 September 2025
Good luck...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- ITR-3 File/Error Found
- TDS offline utility
- Due Date Clarity
- ASMT-10 received from A O
- IT returns for fresh job holders
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
