Exchange rates Notification No.96/2021-Cus (NT) dated 2.12.2021

Last updated: 04 December 2021

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This notification from the Central Board of Indirect Taxes and Customs (CBIC) announces updated exchange rates for various foreign currencies against the Indian Rupee. These new rates are effective from 3rd December 2021 and apply to both imported and exported goods. The notification supersedes the previous rates set on 18th November 2021.

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

Notification No. 96/2021 – Customs (N.T.)

New Delhi, dated the 2^nd December, 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.92/2021-Customs(N.T.), dated 18^th November, 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 3^rd December, 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	54.60	52.25
2.	Bahraini Dinar	205.45	192.90
3.	Canadian Dollar	59.70	57.60
4.	Chinese Yuan	11.95	11.60
5.	Danish Kroner	11.65	11.25
6.	EURO	86.60	83.45
7.	Hong Kong Dollar	9.80	9.45
8.	Kuwaiti Dinar	256.30	240.35
9.	New Zealand Dollar	52.55	50.25
0.	Norwegian Kroner	8.40	8.10
1.	Pound Sterling	101.50	98.05
2.	Qatari Riyal	21.15	19.80
13.	Saudi Arabian Riyal	20.65	19.40
14.	Singapore Dollar	55.90	54.05
15.	South African Rand	4.85	4.55
16.	Swedish Kroner	8.40	8.15
17.	Swiss Franc	83.30	80.00
18.	Turkish Lira	5.75	5.40
19.	UAE Dirham	21.10	19.80
20.	US Dollar	75.90	74.20

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	65.15
0.	Korean Won	6.60	6.20

[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 duty on imported and exported goods.

The new exchange rates are effective from 3rd December 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 notification specifies separate rates of exchange for imported goods and exported goods for each currency.

Yes, this notification supersedes Notification No.92/2021-Customs(N.T.), dated 18th November 2021, except for things done or omitted before the supersession.

Notification No : 96/2021 – Customs (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt96-2021.pdf

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