Exchange rates Notification No.31/2021-Cus (NT) dated18.03.2021

Last updated: 22 March 2021
Quick Summary
This notification from the Central Board of Indirect Taxes and Customs (CBIC) sets the official exchange rates for foreign currencies against the Indian Rupee. These rates are applicable for both imported and exported goods from 19th March 2021. The notification supersedes previous rates, except for transactions completed before this date.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.31/2021Customs(N.T.) New Delhi, dated the 18thMarch, 2021 27 Phalguna 1942 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 19
Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited Notice & Circular Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

FAQ :

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

The new exchange rates are effective from 19th March 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 provides separate rates for both imported goods and exported goods.

Yes, this notification supersedes the previous Notification No. 26/2021-Customs(N.T.), dated 4th March 2021, except for things done or omitted before the supersession.

 
Comments

Recent Notification/Circulars :

  1. Government Revises Central Excise Duty Rate to Rs. 1.5 Per Litre via Notification No. 42/2026
  2. India Extends Anti-Dumping Duty on Phthalic Anhydride Imports from China and South Korea for Five Years
  3. Odisha Joint Entrance Examination Committee Gets Tax Exemption under Schedule III of the Income-tax Act, 2025
  4. CBDT Notifies Odisha Joint Entrance Examination Committee for Income Tax Exemption under Section 10(46)
  5. CBDT Notifies Noida Special Economic Zone Authority for Income Tax Exemption under Schedule III of the Income-tax Act, 2025
  6. CBDT Notifies Noida Special Economic Zone Authority for Income Tax Exemption under Section 10(46) for AY 2024-25 to AY 2026-27
  7. CBDT Notifies Noida Special Economic Zone Authority for Income Tax Exemption under Section 10(46)
  8. CBDT Notifies District Legal Services Authority, Charkhi Dadri for Income Tax Exemption under Schedule III of the Income-tax Act, 2025
  9. CBDT Notifies District Legal Services Authority, Charkhi Dadri for Income Tax Exemption under Section 10(46)
  10. Income-tax Act, 2025: Continuation of Exemptions and Pending Proceedings under Repealed Income-tax Act, 1961

View More Notifications


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Anjum AshrafAnjum AshrafPro Member GOVIND VAJIRAJ DESAIGOVIND VAJIRAJ DESAIPro Member ARUP BHATTACHARYAARUP BHATTACHARYAPro Member Ashish NerlekarAshish NerlekarPro Member Nayan shettyNayan shetty
Subscribe to Pro
Join an elite circle of professionals


Browse by Category