Case Law Details

Case Name : Lawrence Rebello Vs ITO (ITAT Indore)
Appeal Number : ITA No. 132/Ind/2020
Date of Judgement/Order : 29/09/2021
Related Assessment Year : 2011-2012

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th October, 2021, vide Notification No. 80/2021-Customs (N.T.) | Dated: 7th October, 2021

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

Notification No. 80/2021 Customs (N.T.)

New Delhi, dated the 7th October, 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.74/2021-Customs(N.T.), dated 16th September, 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 8th October, 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.

Foreign Currencies 3D Symbol

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 55.75 53.40
2. Bahraini Dinar 204.95 192.40
3. Canadian Dollar 60.55 58.40
4. Chinese Yuan 11.80 11.45
5. Danish Kroner 11.85 11.40
6. EURO 88.10 84.95
7. Hong Kong Dollar 9.80 9.45
8. Kuwaiti Dinar 256.50 240.25
9. New Zealand Dollar 53.20 50.85
0. Norwegian Kroner 8.90 8.55
1. Pound Sterling 103.40 99.95
2. Qatari Riyal 21.15 19.70
13. Saudi Arabian Riyal 20.60 19.35
14. Singapore Dollar 56.05 54.15
15. South African Rand 5.15 4.85
16. Swedish Kroner 8.65 8.35
17. Swiss Franc 82.30 79.10
18. Turkish Lira 8.70 8.15
19. UAE Dirham 21.05 19.75
0. US Dollar 75.70 74.00

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 68.40 65.95
0. Korean Won 6.50 6.10

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

(Kevin Boban)
Under Secretary to the Govt. of India

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