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of <h1>India Sets New Customs Exchange Rates for Foreign Currencies; Effective January 8, 2021; Supersedes Previous Notification.</h1> Notification No. 03/2021-Customs (N.T.) issued by the Government of India on January 7, 2021, under the Ministry of Finance, sets the exchange rates for converting specified foreign currencies into Indian rupees for customs purposes. Effective from January 8, 2021, this notification supersedes the previous Notification No. 113/2020-Customs (N.T.). It details the rates for both imported and exported goods for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. The rates are listed in two schedules, with Schedule I covering individual currency units and Schedule II covering 100 units of currency.
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