New Delhi: The Central Board of Indirect Taxes and Customs today announced the latest foreign exchange (Forex) rate for the conversion of each of the foreign currencies. The new forex rates become effective from May 17, 2023, relating to imported and exported goods.
The rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II, into Indian currency or vice versa, shall, with effect from May 17, 2024, be the rate mentioned against it in the corresponding entry in column (3) thereof, relating to imported and export goods.
Following are the new forex rates for each currency:
– global bihari bureau
