Exchange rates Notification No.43/2021-Cus (NT) dated 15.04.2021

Last updated: 16 April 2021

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This notification from the Central Board of Indirect Taxes and Customs (CBIC) sets the official exchange rates for converting foreign currencies into Indian Rupees and vice versa. These rates are effective from April 16, 2021, and apply to both imported and exported goods. The notification supersedes a previous one dated April 1, 2021.

Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Indirect Taxes and Customs)

Notification No. 43/2021-Customs (N.T.)

New Delhi, dated the 15th April, 2021

25 Chaitra 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.40/2021-Customs(N.T.), dated 1^st April, 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 16^th 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	59.35	56.90
2.	Bahraini Dinar	206.15	193.55
3.	Canadian Dollar	61.20	59.05
4.	Chinese Yuan	11.70	11.35
5.	Danish Kroner	12.35	11.90
6.	EURO	91.75	88.60
7.	Hong Kong Dollar	9.85	9.50
8.	Kuwaiti Dinar	257.95	241.90
9.	New Zealand Dollar	55.20	52.80
10.	Norwegian Kroner	9.10	8.80
11.	Pound Sterling	105.45	101.95
12.	Qatari Riyal	21.35	20.05
13.	Saudi Arabian Riyal	20.70	19.45
14.	Singapore Dollar	57.30	55.35
15.	South African Rand	5.40	5.05
16.	Swedish Kroner	9.05	8.75
17.	Swiss Franc	83.15	79.90
18.	Turkish Lira	9.60	9.00
19.	UAE Dirham	21.15	19.85
0.	US Dollar	76.15	74.45

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	70.40	67.90
0.	Korean Won	6.95	6.55

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

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

FAQ :

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

The new exchange rates are effective from April 16, 2021.

The notification covers a range of 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 exchange rates specified in this notification are applicable for both imported and exported goods.

Yes, this notification supersedes the previous Notification No.40/2021-Customs(N.T.), dated April 1, 2021.

Guest

Notification No : 43/2021-Customs (N.T.)
Published in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt43-2021.pdf

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