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In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.26/2021-Customs(N.T.), dated 4th March, 2021 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Cust
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FAQ :
This notification updates the official rates of exchange for converting foreign currencies into Indian currency, or vice versa, for the purpose of customs valuation of imported and export goods.
The updated rates are effective from 19th March 2021.
Schedule I covers currencies such as Australian Dollar, Bahraini Dinar, Canadian Dollar, Chinese Yuan, Danish Kroner, EURO, Hong Kong Dollar, Kuwaiti Dinar, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Qatari Riyal, Saudi Arabian Riyal, Singapore Dollar, South African Rand, Swedish Kroner, Swiss Franc, Turkish Lira, UAE Dirham, and US Dollar.
For imported goods, 100 Japanese Yen is equivalent to 67.80 Indian Rupees, and for export goods, it's 65.30 Indian Rupees. For Korean Won, 100 units are equivalent to 6.65 Indian Rupees for imports and 6.25 Indian Rupees for exports.
Yes, this notification supersedes the previous Notification No. 26/2021-Customs(N.T.), dated 4th March, 2021, except for actions taken before the supersession.
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