Exchange Rate Notification No.68/2021 - Customs (N.T.)

Last updated: 20 August 2021

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This notification from the Central Board of Indirect Taxes and Customs sets new official exchange rates for converting foreign currencies into Indian Rupees, and vice versa. These rates are applicable for both imported and exported goods and are effective from 20th August 2021. This supersedes the previous notification dated 5th August 2021.

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

Notification No. 68/2021 - Customs (N.T.)

New Delhi, dated the 19^th August, 2021
28 Shravana 1943 (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.65/2021-Customs(N.T.), dated 5^th August, 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 20^th August, 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	54.80	52.45
2.	Bahraini Dinar	203.55	191.10
3.	Canadian Dollar	59.65	57.55
4.	Chinese Yuan	11.65	11.25
5.	Danish Kroner	11.90	11.45
6.	EURO	88.40	85.25
7.	Hong Kong Dollar	9.70	9.35
8.	Kuwaiti Dinar	255.35	239.15
9.	New Zealand Dollar	52.30	49.95
10.	Norwegian Kroner	8.45	8.15
11.	Pound Sterling	103.75	100.30
12.	Qatari Riyal	20.85	19.45
13.	Saudi Arabian Riyal	20.45	19.20
14.	Singapore Dollar	55.45	53.55
15.	South African Rand	5.10	4.80
16.	Swedish Kroner	8.65	8.35
17.	Swiss Franc	82.40	79.25
18.	Turkish Lira	9.05	8.50
19.	UAE Dirham	20.90	19.60
0.	US Dollar	75.20	73.50

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)
1.	Japanese Yen	68.70	66.25
0.	Korean Won	6.55	6.15

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

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

FAQ :

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

The new exchange rates specified in this notification are effective from 20th August 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 rates of exchange are different for imported goods and exported goods, as detailed in Schedule I and Schedule II of the notification.

Yes, this notification supersedes the previous Notification No. 65/2021-Customs(N.T.), dated 5th August 2021, except for things done or omitted before the supersession.

Notification No : 68/2021 - Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt68-2021.pdf

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