Exchange rate Notification No.106/2021-Cus (NT) dated 30.12.2021

Last updated: 03 January 2022

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This notification from the Central Board of Indirect Taxes and Customs (CBIC) updates the official exchange rate for the Turkish Lira against the Indian Rupee. The changes are effective from 31st December 2021 and amend the previous notification dated 16th December 2021. The new rates are specified for both imported and exported goods.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
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Notification No. 106 /2021 – Customs (N.T.)

New Delhi, dated the 30^th December, 2021
09, Pausha 1943 (SAKA)

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 amendments in the Central Board of Indirect Taxes and Customs Notification No.98/2021-CUSTOMS (N.T.), dated 16^th December, 2021 with effect from 31^st December, 2021.

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 Export Goods)
18.	Turkish Lira	6.05	5.65

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

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

FAQ :

This notification amends the official exchange rate for the Turkish Lira against the Indian Rupee, as per Section 14 of the Customs Act, 1962.

The revised exchange rates are effective from 31st December 2021.

The exchange rate for the Turkish Lira has been updated.

For imported goods, the rate is 6.05 Indian Rupees for one unit of Turkish Lira. For exported goods, the rate is 5.65 Indian Rupees for one unit of Turkish Lira.

This notification amends Central Board of Indirect Taxes and Customs Notification No.98/2021-CUSTOMS (N.T.), dated 16th December 2021.

Notification No : 106 /2021 - Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt106-2021.pdf

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