CBIC issues revised rates of exchange for conversion of the foreign currencies

The Central Board of Indirect Taxes and Customs through notification dated August 19, 2021 has issued revised rates of exchange of conversion of the foreign currencies into Indian currency or vice versa, for the purpose of Import and Export of goods. The rate of exchange for following currencies are provided:

1. Australian Dollar
2. Bahraini Dinar
3. Canadian Dollar
4. Chinese Yuan
5. Danish Kroner
6. Euro
7. Hong Kong Dollar
8. Kuwaiti Dinar
9. New Zealand Dollar
10. Norwegian Kroner
11. Pound
12. Sterling
13. Qatari Riyal
14. Saudi Arabian Riyal
15. Singapore Dollar
16. South African Rand
17. Swedish Kroner
18. Swiss Franc
19. Turkish Lira
20. UAE Dirham
21. US Dollar
22. Japanese yen
23. Korean won

New rates will come into effect from August 20, 2021.