Exchange rate Notification No.114/2020-Cus (NT) dated 30.12.2020 - Reg.

Last updated: 31 December 2020

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This notification, dated 30th December 2020, amends the previous Customs Notification No. 113/2020-CUSTOMS (N.T.). It specifically updates the exchange rate for the Turkish Lira. The new rates, effective from 31st December 2020, are 10.25 Indian Rupees for one unit of Turkish Lira for imported goods and 9.65 Indian Rupees for exported goods.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
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Notification No. 114/2020 – Customs (N.T.)

New Delhi, dated the 30th December, 2020

9 Pausha 1942 (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 amendment in the Notification of the Central Board of Indirect Taxes and Customs No. 113/2020-CUSTOMS (N.T.), dated 17t^h December, 2020 with effect from 31st December, 2020, 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	10.25	9.65

[F.No.468/01/2020-Cus.V]

(Kevin Boban)
Under Secretary to the Govt. of India

FAQ :

This notification amends the exchange rate for the Turkish Lira used in customs transactions.

The new rate is 10.25 Indian Rupees for one unit of Turkish Lira for imported goods and 9.65 Indian Rupees for exported goods.

The new exchange rate is effective from 31st December 2020.

This notification amends Customs Notification No. 113/2020-CUSTOMS (N.T.) dated 17th December 2020.

The entries relating to serial number 18, which pertains to the Turkish Lira, in SCHEDULE-I of the said Notification are substituted.

Notification No : Notification No. 114/2020 – Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2020/cs-nt2020/csnt114-2020.pdf;jsessionid=08E695B4CDDD853CE474B4DFB2D6A8E3

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