Exchange rates Notification No.40/2021-Cus (NT) dated 01.04.2021

Last updated: 05 April 2021

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This notification from the Central Board of Indirect Taxes and Customs supersedes the previous exchange rate notification. It establishes new official rates for converting foreign currencies into Indian Rupees and vice versa for both imported and exported goods. These rates are effective from 2nd April 2021.

Government Of India
Ministry Of Finance
(Department Of Revenue)
(Central Board Of Indirect Taxes And Customs)
New Delhi

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Notification No. 40/2021 – Customs (N.T.)

Dated the 1^st April, 2021

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 31/2021-Customs (N.T.), dated 18^th March, 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 2^nd April, 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	57.10	54.70
2.	Bahraini Dinar	200.70	188.35
3.	Canadian Dollar	59.25	57.15
4.	Chinese Yuan	11.35	11.00
5.	Danish Kroner	11.80	11.35
6.	EURO	87.65	84.55
7.	Hong Kong Dollar	9.60	9.25
8.	Kuwaiti Dinar	250.45	234.75
9.	New Zealand Dollar	52.60	50.25
10.	Norwegian Kroner	8.75	8.45
11.	Pound Sterling	102.70	99.25
12.	Qatari Riyal	20.80	19.50
13.	Saudi Arabian Riyal	20.20	18.95
14.	Singapore Dollar	55.50	53.60
15.	South African Rand	5.10	4.80
16.	Swedish Kroner	8.55	8.25
17.	Swiss Franc	79.35	76.25
18.	Turkish Lira	9.05	8.55
19.	UAE Dirham	20.60	19.35
20.	US Dollar	74.15	72.45

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	67.55	65.05
2.	Korean Won	6.70	6.30

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

(Rathakrishnan Ananth)
Deputy Secretary to the Govt. of India

FAQ :

This notification sets the official rates of exchange for converting foreign currencies into Indian currency and vice versa, as required for customs purposes for imported and exported goods.

The new exchange rates are effective from 2nd April 2021.

This notification supersedes Notification No. 31/2021-Customs (N.T.), dated 18th March, 2021.

Yes, the notification provides separate rates for imported goods and exported goods for each foreign currency listed.

The specific exchange rates for various foreign currencies against the Indian Rupee are detailed in Schedule I and Schedule II annexed to the notification.

Notification No : 40/2021 – Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt40-2021.pdf

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