Exchange rates Notification No.59/2021-Cus (NT) dated 15.07.2021

Last updated: 16 July 2021

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This notification from the Central Board of Indirect Taxes and Customs (CBIC) sets out the official exchange rates for converting foreign currencies into Indian Rupees, and vice versa. These rates are applicable for both imported and exported goods and come into effect from 16th July 2021. This supersedes the previous notification dated 1st July 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. 59/2021 – Customs (N.T.)

Dated 15th July, 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.57/2021-Customs(N.T.), dated 1^st July, 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 July, 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	56.85	54.50
2.	Bahraini Dinar	204.35	191.40
3.	Canadian Dollar	60.55	58.40
4.	Chinese Yuan	11.70	11.35
5.	Danish Kroner	12.10	11.65
6.	EURO	89.80	86.60
7.	Hong Kong Dollar	9.75	9.40
8.	Kuwaiti Dinar	256.30	240.00
9.	New Zealand Dollar	53.65	51.30
10.	Norwegian Kroner	8.65	8.35
11.	Pound Sterling	104.90	101.40
12.	Qatari Riyal	20.80	19.50
13.	Saudi Arabian Riyal	20.50	19.25
14.	Singapore Dollar	56.05	54.10
15.	South African Rand	5.30	5.00
16.	Swedish Kroner	8.80	8.50
17.	Swiss Franc	83.15	79.90
18.	Turkish Lira	8.95	8.40
19.	UAE Dirham	20.95	19.65
20.	US Dollar	75.40	73.70

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	69.10	66.60
2.	Korean Won	6.75	6.30

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

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

FAQ :

This notification determines the official rates of exchange for converting foreign currencies into Indian currency (and vice versa) for the purpose of customs valuation of imported and exported goods.

The new exchange rates are effective from 16th July 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 specified separately for imported goods and exported goods in the schedules.

Yes, this notification supersedes Notification No.57/2021-Customs(N.T.), dated 1st July 2021, except for things done or omitted before the supersession.

Guest

Notification No : 59/2021 – Customs (N.T.)
Published in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt59-2021.pdf

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