Exchange rate Notification No.05/2021-Cus (NT) dated 21.1.2021

Last updated: 23 January 2021

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This notification from the Central Board of Indirect Taxes and Customs (CBIC) announces new exchange rates for converting foreign currencies into Indian Rupees, and vice versa. These rates are applicable for both imported and exported goods. The new rates come into effect from 22nd January 2021 and supersede the previous notification dated 7th January 2021.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
*****

Notification No. 05/2021–Customs (N.T.)

New Delhi, dated the 21^st January, 2021
1 Magha 1942 (SAKA)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 03/2021-Customs (N.T.), dated 7^th January, 2021 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 22^nd 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 Dollar	58.00	55.60
2.	Bahraini Dinar	199.80	187.50
3.	Canadian Dollar	58.90	56.80
4.	Chinese Yuan	11.45	11.10
5.	Danish Kroner	12.10	11.65
6.	EURO	90.15	86.95
7.	Hong Kong Dollar	9.60	9.25
8.	Kuwaiti Dinar	249.10	233.35
9.	New Zealand Dollar	53.95	51.60
10.	Norwegian Kroner	8.80	8.45
11.	Pound Sterling	101.60	98.10
12.	Qatari Riyal	20.70	19.40
13.	Saudi Arabian Riyal	20.10	18.85
14.	Singapore Dollar	56.10	54.15
15.	South African Rand	5.05	4.75
16.	Swedish Kroner	8.90	8.60
17.	Swiss Franc	83.80	80.45
18.	Turkish Lira	10.15	9.50
19.	UAE Dirham	20.50	19.25
20.	US Dollar	73.85	72.10

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 Export Goods)
10.	Japanese Yen	71.85	69.20
1.	Korean Won	6.85	6.45

[F.No. 468/01/2021-Cus.V]

(Bullo Mamu)
Under Secretary to the Govt. of India

FAQ :

This notification sets the official exchange rates for converting foreign currencies into Indian Rupees, and vice versa, for customs purposes related to imported and exported goods.

The new exchange rates are effective from 22nd January 2021.

The notification covers a range of foreign currencies including 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, US Dollar, Japanese Yen, and Korean Won.

Yes, the notification specifies different rates for imported goods and exported goods for each currency.

Yes, this notification supersedes Notification No. 03/2021-Customs (N.T.), dated 7th January 2021, except for actions taken before this supersession.

Guest

Notification No : 05/2021–Customs (N.T.)
Published in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt05T-2021.pdf

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