{"id":253241,"date":"2021-08-26T10:30:32","date_gmt":"2021-08-26T05:00:32","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=253241"},"modified":"2021-08-26T09:55:17","modified_gmt":"2021-08-26T04:25:17","slug":"cbic-revises-rate-of-exchange-for-conversion-of-foreign-currencies","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/26\/cbic-revises-rate-of-exchange-for-conversion-of-foreign-currencies\/","title":{"rendered":"CBIC revises rate of exchange for conversion of foreign currencies"},"content":{"rendered":"<p style=\"text-align: justify;\">The Central Board of Indirect Taxes and Customs has announced revised rates of exchange of conversion of the foreign currencies into Indian currency or vice versa, for the purpose of Import and Export of goods vide notification dated August 19, 2021.\u00a0 The rate of exchange for conversion of 22 foreign currencies are provided in the notification. New rates are effective from August 20, 2021.<\/p>\n<p style=\"text-align: justify;\">To access the rates of conversion, click <a href=\"https:\/\/www.cbic.gov.in\/resources\/htdocs-cbec\/customs\/cs-act\/notifications\/notfns-2021\/cs-nt2021\/csnt68-2021.pdf;jsessionid=275E6E2C4277B7B8C91017C5E5F40E1B\">HERE<\/a><\/p>\n<p style=\"text-align: justify;\">\n<hr \/>\n<p><span style=\"color: #0000ff;\">*Tanvi Singh, Editorial Assistant has reported this brief.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Board of Indirect Taxes and Customs has announced revised rates of exchange of conversion of the foreign currencies into Indian <\/p>\n","protected":false},"author":121,"featured_media":209666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-253241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBIC revises rate of exchange for conversion of foreign currencies | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/26\/cbic-revises-rate-of-exchange-for-conversion-of-foreign-currencies\/\" \/>\n<meta property=\"og:locale\" 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action taken against a bank which failed to disclose the conversion charges in its cardholder agreement, applicable on transactions\/purchases made by the credit card and charge card holders in foreign currencies, the Court has condemned the Bank to reimburse the conversion charges collected\u2026","rel":"","context":"In &quot;Foreign Courts&quot;","block_context":{"text":"Foreign Courts","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/foreigncourts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, 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