Exchange rates Notification No.46/2021-Cus (NT) dated 06.05.2021

Last updated: 07 May 2021

Save Share

Quick Summary

This notification from the Central Board of Indirect Taxes and Customs announces new exchange rates for converting foreign currencies to Indian Rupees and vice versa. These rates are applicable for both imported and exported goods. The new rates come into effect from 7th May 2021 and supersede the previous notification dated 15th April 2021.

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

Notification No. 46/2021 – Customs (N.T.)

New Delhi, dated the 6^thMay, 2021
16 Vaisakha 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. 43/2021-Customs (N.T.), dated 15^th 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 7^th May, 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	58.35	55.95
2.	Bahraini Dinar	202.35	189.95
3.	Canadian Dollar	61.30	59.10
4.	Chinese Yuan	11.60	11.25
5.	Danish Kroner	12.15	11.70
6.	EURO	90.25	87.10
7.	Hong Kong Dollar	9.70	9.35
8.	Kuwaiti Dinar	253.30	237.30
9.	New Zealand Dollar	54.55	52.20
0.	Norwegian Kroner	9.00	8.70
1.	Pound Sterling	104.45	100.95
2.	Qatari Riyal	20.95	19.65
3.	Saudi Arabian Riyal	20.35	19.10
14.	Singapore Dollar	56.20	54.35
15.	South African Rand	5.30	4.95
16.	Swedish Kroner	8.85	8.55
17.	Swiss Franc	82.45	79.20
18.	Turkish Lira	9.15	8.60
19.	UAE Dirham	20.75	19.50
4.	US Dollar	74.75	73.05

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	68.85	66.30
10.	Korean Won	6.80	6.35

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

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

FAQ :

This notification determines the official rates of exchange 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 7th May 2021.

This notification supersedes Notification No. 43/2021-Customs (N.T.), dated 15th April 2021, except for things done or omitted before this new notification.

Yes, the rates of exchange are different for imported goods compared to exported goods, as shown in Schedule I and Schedule II.

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

Notification No : 46/2021 – Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt46-2021.pdf

276 Views Comment Share Custom Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments