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of <h1>New Exchange Rates for Foreign Currencies Set for Imports and Exports in India under Notification No. 48/2021-Cus (NT.</h1> Notification No. 48/2021-Cus (NT) issued by the Central Board of Indirect Taxes and Customs on May 20, 2021, under the Customs Act, 1962, sets the exchange rates for converting specified foreign currencies into Indian Rupees for import and export purposes. Effective from May 21, 2021, this notification supersedes the previous Notification No. 46/2021-Cus (NT) dated May 6, 2021. The exchange rates for various currencies, including the US Dollar, Euro, and Japanese Yen, are detailed for both imported and exported goods. This notification was later superseded by Notification No. 51/2021-Cus (NT) on June 3, 2021.
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