Two exchange rates for import & export

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VARUN.C.DAS

VARUN.C.DAS (Querist)
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19 November 2011 Dear sir,

Why the CBDT issued different rates for Export & Import ?
And all the time Import rate is more compared to export rate Why ?

Thanks in advance

Pls explain with example

U S Sharma

U S Sharma (Expert)
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22 November 2011 its dependent on buying and selling rates of forex by the banks during the last fortnight.
as banks buy the forex lower than selling, customs also follow their average rates.