Quick Summary
Exchange Rate Notification No. 32/2021 - Customs (N.T.)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendment in the Notification of the Central Board of Indirect Taxes and Customs No.31/2021-CUSTOMS (N.T.), dated 18th March, 2021 with effect from 25th March, 2021, namely: -
In the SCHEDULE-I of the said Notification, for serial No. 18 and the entries relating thereto, the following shall be substituted, namely: -
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) |
|||
|
18. |
Turkish Lira |
9.45 |
8.85 |
|
FAQ :
The CBIC has made amendments to the Exchange Rate Notification No. 32/2021.
The exchange rate for the Turkish Lira has been updated.
The amendment came into effect from 25th March 2021.
Yes, the new rates for the Turkish Lira are applicable for both imported and exported goods.
The previous rates were not specified in the amendment details provided.
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