Exchange rate Notification No.04/2022-Cus (NT) dated 20.01.2022-reg

Last updated: 24 January 2022

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This notification from the Central Board of Indirect Taxes and Customs sets out the official exchange rates for converting foreign currencies to Indian Rupees, and vice versa. These rates are applicable for both imported and exported goods. The new rates come into effect from 21st January 2022, superseding previous rates from 6th January 2022.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
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Notification No. 04/2022 - Customs (N.T.)

New Delhi, dated the 20^th January, 2022
30 Pausha1943 (SAKA)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.02/2022-Customs(N.T.), dated 6^thJanuary, 2022 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 21^st January, 2022, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

Sl. No.	Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1.	Australian Dollar	55.10	52.75
2.	Bahraini Dinar	203.85	191.35
3.	Canadian Dollar	60.70	58.50
4.	Chinese Yuan	11.90	11.55
5.	Danish Kroner	11.55	11.15
6.	EURO	86.10	82.95
7.	Hong Kong Dollar	9.75	9.40
8.	Kuwaiti Dinar	254.50	238.35
9.	New Zealand Dollar	51.75	49.40
10.	Norwegian Kroner	8.65	8.35
11.	Pound Sterling	103.20	99.70
12.	Qatari Riyal	21.10	19.80
13.	Saudi Arabian Riyal	20.50	19.25
14.	Singapore Dollar	56.25	54.30
15.	South African Rand	5.00	4.70
16.	Swedish Kroner	8.30	8.05
17.	Swiss Franc	82.95	79.75
18.	Turkish Lira	5.70	5.35
19.	UAE Dirham	20.90	19.65
20.	US Dollar	75.30	73.60

SCHEDULE-II

Sl. No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1.	Japanese Yen	66.25	63.90
2.	Korean Won	6.45	6.05

[F.No. 468/01/2022-Cus.V]

(Bullo Mamu)
Under Secretary to the Govt. of India

FAQ :

This notification establishes the official exchange rates for converting foreign currencies into Indian currency (and vice versa) for customs purposes, applicable to both imported and exported goods.

The new exchange rates are effective from 21st January 2022.

It means that this new notification replaces the previous one (Notification No.02/2022-Customs(N.T.), dated 6th January 2022), except for any actions that were completed or omitted before the new rates became effective.

The specific exchange rates for various foreign currencies against the Indian Rupee are listed in Schedule I and Schedule II of the notification, covering both imported and exported goods.

Schedule I covers currencies such as Australian Dollar, Bahraini Dinar, Canadian Dollar, Chinese Yuan, Danish Kroner, EURO, Hong Kong Dollar, Kuwaiti Dinar, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Qatari Riyal, Saudi Arabian Riyal, Singapore Dollar, South African Rand, Swedish Kroner, Swiss Franc, Turkish Lira, UAE Dirham, and US Dollar.

The exchange rates for Japanese Yen and Korean Won are provided in Schedule II.

Guest

Notification No : 04/2022 - Customs (N.T.)
Published in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2022/cs-nt2022/csnt04-2022.pdf

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