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January 8, 2021

CBIC releases updated rate of exchange of conversion w.e.f 8th January 2021

CBIC releases updated rate of exchange of conversion w.e.f 8th January 2021

Introduction

Tariff Notification No.03/2021 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.113/2020-Customs(N.T.), dated 17th December, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 8th January, 2021, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.


SCHEDULE-I

Sl.No.


Foreign Currency


Rate of exchange of one unit of foreign currency equivalent to Indian rupees


(1)(2)(3)
  (a)(b)
  (For Imported Goods)(For Exported Goods)


1.Australian Dollar58.3055.90
2.Bahraini Dinar200.35188.05
3.Canadian Dollar58.7556.70
4.Chinese Yuan11.5011.15
5.Danish Kroner12.3511.90
6.EURO91.8088.60
7.Hong Kong Dollar9.609.25
8.Kuwaiti Dinar249.20233.60
9.New Zealand Dollar54.7552.35
10.Norwegian Kroner8.858.55
11.Pound Sterling101.2097.80
12.Qatari Riyal20.7519.45
13.Saudi Arabian Riyal20.1518.90
14.Singapore Dollar56.4554.55
15.South African Rand5.004.70
16.Swedish Kroner9.158.80
17.Swiss Franc85.0081.50
18.Turkish Lira10.309.70
19.UAE Dirham20.5519.30
20.US Dollar74.0072.30

SCHEDULE-II

Sl.No.


Foreign Currency


Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)(2)(3)
  (a)(b)
  (For Imported Goods)(For Exported Goods)


1.Japanese Yen72.3069.60
2.Korean Won6.956.50

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