Conversion standard Notification No.71/2021 - Customs (N.T.): Ministry of Finance

Sep 3, 2021 - 06:54

Conversion standard Notification No.71/2021 - Customs (N.T.): Ministry of Finance

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.68/2021-Customs(N.T.), dated 19^th August, 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 September, 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	55.05	52.75
2.	Bahraini Dinar	200.15	187.80
3.	Canadian Dollar	58.95	56.85
4.	Chinese Yuan	11.50	11.15
5.	Danish Kroner	11.85	11.40
6.	EURO	88.10	84.95
7.	Hong Kong Dollar	9.55	9.20
8.	Kuwaiti Dinar	251.25	235.20
9.	New Zealand Dollar	53.00	50.65
10.	Norwegian Kroner	8.55	8.25
11.	Pound Sterling	102.40	98.95
12.	Qatari Riyal	20.55	19.20
13.	Saudi Arabian Riyal	20.10	18.90
14.	Singapore Dollar	55.30	53.40
15.	South African Rand	5.25	4.90
16.	Swedish Kroner	8.65	8.35
17.	Swiss Franc	81.45	78.25
18.	Turkish Lira	9.10	8.50
19.	UAE Dirham	20.55	19.30
20.	US Dollar	73.95	72.25

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	67.70	65.20
2.	Korean Won	6.50	6.10

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