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of <h1>Customs Act Update: Exchange Rate for Turkish Lira Amended in Notification 98/2021; New Rates Effective December 25, 2021.</h1> The Central Board of Indirect Taxes and Customs has amended Notification No. 98/2021-CUSTOMS (N.T.) dated 16th December 2021, under the authority of Section 14 of the Customs Act, 1962. Effective from 25th December 2021, the amendment updates the exchange rate for the Turkish Lira in Schedule-I. The revised rate for imported goods is set at 6.70 Indian Rupees per unit, while for export goods, it is 6.30 Indian Rupees per unit.
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