New Exchange Rates for Foreign Currencies Against INR Effective March 27, 2024, Announced by CBIC.

The Central Board of Indirect Taxes and Customs, under the Ministry of Finance, has issued Notification No. 24/2024, superseding Notification No. 18/2024, to determine the exchange rates for foreign currencies against the Indian Rupee effective from March 27, 2024. This notification specifies the conversion rates for various currencies for both imported and export goods. For instance, the exchange rate for one US Dollar is set at 84.00 INR for imports and 82.25 INR for exports. The notification also includes rates for other currencies such as the Euro, Pound Sterling, and Japanese Yen.

---

---

---