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of <h1>New Exchange Rates for Foreign Currencies in Import/Export Transactions under Customs Act, 1962 Effective June 18, 2021.</h1> Notification No. 54/2021 issued by the Central Board of Indirect Taxes and Customs on June 17, 2021, supersedes Notification No. 51/2021. It sets the exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods, effective June 18, 2021. The rates are detailed in two schedules: Schedule I lists the exchange rates for individual foreign currencies, while Schedule II provides rates for 100 units of certain currencies. This notification is pursuant to the powers under Section 14 of the Customs Act, 1962, and applies to transactions involving the specified currencies.
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