Quick Summary
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.40/2021-Customs(N.T.), dated 1st April, 2021 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Cust
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
These rates are used for the conversion of foreign currencies into Indian currency or vice versa for imported and exported goods, as per Section 14 of the Customs Act, 1962.
The new rates are effective from 16th April 2021.
The notification covers a range of currencies including Australian Dollar, Bahraini Dinar, Canadian Dollar, Chinese Yuan, EURO, Pound Sterling, US Dollar, Japanese Yen, and Korean Won, among others.
Yes, there are separate rates specified for imported goods and exported goods for each foreign currency.
Yes, this notification supersedes the Notification No.40/2021-Customs(N.T.), dated 1st April, 2021, except for things done or omitted before the supersession.
CAclubindia
