India Issues New Exchange Rates for Foreign Currencies Under Customs Act Section 14, Effective November 4, 2021.

The Government of India, through the Central Board of Indirect Taxes and Customs, issued Notification No. 90/2021 on November 3, 2021, under section 14 of the Customs Act, 1962. This notification supersedes Notification No. 82/2021 and prescribes the exchange rates for various foreign currencies against the Indian rupee effective November 4, 2021. The rates are specified for both imported and exported goods for currencies including the Australian Dollar, Bahraini Dinar, Canadian Dollar, Chinese Yuan, Euro, US Dollar, and others. The notification includes detailed exchange rates for each currency in Schedules I and II.

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