DGFT & ICEGATE Customs Exchange Rates

As of May 2026, the Directorate General of Foreign Trade (DGFT) and ICEGATE continue to publish updated customs exchange rates for major global currencies used in Indian import and export transactions. These exchange rates are essential for determining the assessable value of imported and exported goods under Indian Customs regulations.

The exchange rates are officially notified by the Central Board of Indirect Taxes and Customs (CBIC) and are generally based on reference rates provided by the State Bank of India (SBI). These rates are made available through the ICEGATE customs portal and are applicable for Shipping Bills, Bills of Entry, and other customs clearance procedures.

Major Currencies Covered

The customs exchange rate notifications generally include around 22 international currencies, including:

• US Dollar (USD)

• Euro (EUR)

• British Pound Sterling (GBP)

• UAE Dirham (AED)

• Japanese Yen (JPY)

• Chinese Yuan (CNY)

• Australian Dollar (AUD)

• Canadian Dollar (CAD)

• Swiss Franc (CHF)

• Singapore Dollar (SGD)

• Hong Kong Dollar (HKD)

• Saudi Riyal (SAR)

• Kuwaiti Dinar (KWD)

• New Zealand Dollar (NZD)

• Danish Kroner (DKK)

• Norwegian Kroner (NOK)

• Swedish Kroner (SEK)

• South African Rand (ZAR)

• Thai Baht (THB)

• Malaysian Ringgit (MYR)

• Indonesian Rupiah (IDR)

• Korean Won (KRW)

Purpose of Customs Exchange Rates

These exchange rates are used for:

• Customs Duty Calculation

• Import Valuation

• Export Documentation

• Bill of Entry Filing

• Shipping Bill Processing

• Foreign Trade Compliance

• GST and Duty Assessment

The rates differ for:

• Import transactions

• Export transactions

This helps customs authorities accurately determine the INR value of foreign currency invoices during international trade.

How Often Are Rates Updated?

CBIC generally updates customs exchange rates:

• Weekly

• Fortnightly

• Or whenever significant currency fluctuations occur

Importers, exporters, CHA agents, freight forwarders, and logistics companies regularly monitor these rates to ensure accurate customs declarations and duty calculations.

Official Sources

The latest customs exchange rates can be accessed through:

• DGFT Portal

• ICEGATE Customs Portal

• CBIC Official Website

Digital Transformation in Trade Compliance

With increasing digitization in India’s export-import ecosystem, businesses now integrate:

• Live exchange rate APIs

• Automated customs dashboards

• ICEGATE data extraction tools

• Real-time forex monitoring systems

• ERP integration for shipping documentation

Modern logistics and export management platforms use these live customs exchange rates to automate:

• Commercial invoices

• Proforma invoices

• Duty calculations

• Forex conversion

• Export accounting

• Customs reconciliation

Importance for Exporters & Importers

Monitoring customs exchange rates is critical because even minor fluctuations can impact:

• Landed cost calculations

• Profit margins

• Duty liabilities

• International pricing

• Foreign exchange exposure

Businesses engaged in international trade should regularly track DGFT and ICEGATE notifications to maintain compliance and optimize operational efficiency.