Official CBIC Notified Exchange Rates for Import & Export in India
The Customs Exchange Rates displayed below are notified under CBIC Notification No., effective from , and are applicable across all Indian ports, ICDs, and land customs stations for Import & Export Transactions as per Section 14 of the Customs Act, 1962.
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Note: Customs Exchange Rates are different from RBI or Bank Exchange Rates. Many importers and exporters mistakenly rely on RBI or Bank Rates. This often leads to short payment, excess duty, or audit objections in customs transactions.Strictly follow the Customs Exchange Rate only for any customs related transction.
The Customs Exchange Rate is the official exchange rate notified by the Central Board of Indirect Taxes & Customs (CBIC) for valuation of imported and exported goods under the Customs Act, 1962. Unlike market or RBI reference rates, Customs Exchange Rates are statutorily mandated and must be used for:
Import duty calculation
Export valuation
Filing of Bills of Entry (BOE)
Filing of Shipping Bills
Customs assessment, audit & dispute resolution
At M S Mehta & Co, we publish the latest CBIC-notified Customs Exchange Rates in real time, aligned with official notifications issued through ICEGATE’s ERAM (Exchange Rate Automation Module) because only the CBIC-notified Customs Exchange Rate is legally valid for any customs-related transation including customs duty calculation, valuation of imports and exports, filing of Bills of Entry and Shipping Bills, IGST computation, audits, reassessments, refunds, export incentives (Drawback, RoDTEP, RoSCTL), Special Valuation Branch (SVB) proceedings, adjudication and appellate matters, or any compliance under the Customs Act, 1962.
Download CBIC Customs Exchange Rate Notifications
Under the ERAM (Exchange Rate Automation Module) system, the CBIC revises Customs Exchange Rates on the 1st and/or 3rd Thursday of every month, with the revised rates becoming effective from Friday (00:00 hrs) for all import and export transactions. However, in cases of extreme currency volatility, the CBIC may issue additional or intermediate Customs Exchange Rate notifications outside the regular revision cycle. To support compliance, audits, and verification, M S Mehta & Co. maintains an updated archive of the latest 10 Customs Exchange Rate Notifications, sourced exclusively from official CBIC and ICEGATE publications, which can be downloaded from below.
Why Trust M S Mehta & Co for Customs Valuation
M S Mehta & Co. is a government-authorized Customs House Agent (CHA) with decades of experience in customs clearance and valuation advisory. We assist clients with:
Import & export customs clearance
Accurate customs valuation
SVB & related-party transactions
Duty optimization & refund claims
Regulatory compliance under CBIC & DGFT
Our team monitors Customs Exchange Rate notifications in real time, ensuring your filings remain accurate, compliant, and audit-safe.
For customs duty or any other customs-related transaction, only the applicable CBIC-notified Customs Exchange Rate is legally valid. RBI reference rates, bank remittance rates, or market exchange rates cannot be used for customs valuation under the Customs Act, 1962.
No. The CBIC notifies separate Customs Exchange Rates for imports and exports for each currency. Import rates and export rates may differ due to banking spreads, and applying the correct rate is mandatory while filing documents through ICEGATE.
The applicable Customs Exchange Rate is fixed on the date of filing of the Bill of Entry (for import-related transactions) and the date of filing of the Shipping Bill (for export-related transactions). The exchange rate does not depend on the invoice date, shipment date, or remittance date.
The CBIC-notified Customs Exchange Rate must be followed for all customs-related transactions under the Customs Act, 1962. This includes:
Customs duty calculation for all imports
Valuation of imported and exported goods
Filing of all Bills of Entry & Shipping Bills
IGST computation on imports
Social Welfare Surcharge (SWS) calculation
Provisional and final customs assessments
Audit, reassessment, and investigation proceedings
Refunds & claims arising from customs assessments
Export incentive calculations such as Duty Drawback, RoDTEP, and RoSCTL
Special Valuation Branch (SVB) proceedings
Adjudication and appellate matters before Customs authorities, CESTAT, or courts
Any statutory compliance or verification carried out by Customs under CBIC regulations
Under ICEGATE’s ERAM (Exchange Rate Automation Module), CBIC generally revises Customs Exchange Rates on the 1st and 3rd Thursday of every month, with the revised rates becoming effective from Friday (00:00 hrs). However, in cases of extreme currency volatility, intermediate Customs Exchange Rate notifications may also be issued.
No. Customs officers are legally bound to apply only the CBIC-notified Customs Exchange Rate. Using RBI or market exchange rates is not permitted and may lead to assessment objections, audits, reassessments, or penalties.
M S Mehta & Co helps importers and exporters ensure accurate application of Customs Exchange Rates, correct valuation, and full compliance with CBIC regulations. Our expertise helps avoid short or excess payment of customs duty, audit objections, valuation disputes, and delays in customs clearance.
If you are looking for a reliable Customs Clearance Agent, M S Mehta & Co is the right choice. To know more about our services, please visit
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