Rupee Gains by 5 paise against Dollar for Customs Valuation, Pegged at Rs. 84.30 w.e.f. 7 Jun. 2024

[Notification No. 40/2024 - Customs (N.T.) dated 6 June 2024

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 36/2024-Customs(N.T.), dated 16th May, 2024 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 7th June, 2024, 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

56.85

54.40

2.

Bahraini Dinar

230.00

213.30

3.

Canadian Dollar

62.00

60.05

4.

Chinese Yuan

11.70

11.30

5.

Danish Kroner

12.35

12.00

6.

EURO

92.45

89.30

7.

Hong Kong Dollar

10.85

10.55

8.

Kuwaiti Dinar

281.30

263.80

9.

New Zealand Dollar

52.95

50.60

10.

Norwegian Kroner

8.00

7.80

11.

Pound Sterling

108.55

105.10

12.

Qatari Riyal

24.55

21.40

13.

Saudi Arabian Riyal

22.65

21.65

14.

Singapore Dollar

63.00

61.00

15.

South African Rand

4.55

4.30

16.

Swedish Kroner

8.15

7.95

17.

Swiss Franc

95.45

91.90

18.

Turkish Lira

2.65

2.50

19.

UAE Dirham

23.45

22.05

20.

US Dollar

84.30

82.60

 

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

54.45

52.80

2.

Korean Won

6.30

5.95

[F.No. 468/01/2024-Cus.V]