SIGN IN SUBSCRIBE

News Update

TNVAT Act - When alternate remedy is available in revenue matters, writ petition u/Art. 226 can be entertained only in exceptional circumstances as have ben laid out - HCGST - When goods are accompanied by an invoice, there is no discretion upon the officer to adjudicate as to ownership - Mandate of Section 130 will be defeated if goods are not released to the person who holds invoice: HCCX - Issue which is raised before the Bench pertains to an order relating to the rate of duty of excise - In the light of statutory embargo laid down in s.35G(1), appeals are not maintainable: HCIndia, EU to work together at COP26GST - Petitioner is made to run from pillar to post only because data of IGST refund is not transmitted from GSTN to ICEGATE - That is not petitioner's problem - Refund to be granted along with interest @9% and costs of Rs.25000/-: HCIndia Internet Governance Forum to be held in Nov 2021GST - Respondent had scrupulously followed s.75(4) but it was the appellant who chose not to avail the opportunities of personal hearing - no violations of principles of natural justice: HCMoS felicitates toppers of Civil Services Exam 2020US also successfully tests Hypersonic missile techSales tax dues cannot be recovered against a private limited company by attaching personal property belonging to company's Managing Director : HCEU leaders support sanctions proposal against Poland over violation of rule of lawNITI Aayog's Atal Mission launches digi-book 'Innovations for You'China turns angry eyeball towards business publication; removes Caixin from Internet Regulator’s listCX - Till 2016 amendment, it was the option of assessee either to avail entire credit in one unit or to distribute in their different units therefore, taking credit in one unit is not illegal or wrong: CESTATGovt notifies Gold Bond Scheme 2021-22; Scheme to have distinct series for every trancheI-T - Error of stating tax payable as total income, when filing ITR, does not amount to concealment of income or furnishing inaccurate particulars of income : HCRBI amends Regulations for debt instruments to define InvIT and REITI-T - Order passed by NFAC is unsustainable where assessee is not given personal hearing & replies to SCN are not considered: HCCOVID-19: Daily caseload climbs to 4.5 lakh, globally + death count rockets beyond 7100 including 232 in India & 115 in UKI-T - Purchases made against cash cannot be deemed to be bogus based on presumptions alone : HCKerala to receive fresh rains; At least 65 killed in Uttarakhand floodsI-T - Term 'put to use' in proviso to sec. 36(1)(iii) is applicable to capital asset & income-earning apparatus facilitating business activity : HCIndia finalising guidelines to export refurbished weapons to friendly nationsI-T - Since difference in valuation between value determined by stamp duty authority and declared as sale consideration is less than 10%, no addition is warranted u/s. 56(2)(vii)(b)(ii) : ITATG20 fails to agree on phasing out coalI-T - AO's order that does not reflect proof of enquiry of proposed disallowance can be set aside u/s 263 as being erroneous and prejudicial to interest of revenue :ITATWHO says over 1.8 lakh doctors may have succumbed to COVID-19I-T - Interest income earned by co-operative society from co-operative bank is allowed as deduction u/s 80P(2)(d) : ITATGoogle trims subscription fee for Play Store to 15% from Jan 2022I-T - AO's order, passed after conducting necessary enquiries and considering entire material available on record, cannot be set aside u/s 263 as being erroneous and prejudicial to interest of revenue : ITATDelta’s sub-variant AY.4.2 turns out to be more transmissible, says RussiaNext Pandemic knocking on Door! A Siren in Time would certainly save Nine!
Untitled Document

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NEW DELHI

NOTIFICATION NO

82/2021-Customs (NT), Dated: October 21, 2021

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 80/2021-Customs(N.T.), dated 7th October, 2021 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 22nd October, 2021, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

Sl. No.
Foreign Currency
Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)
(2)
(3)
(a)
(b)
(For Imported Goods)
(For Exported Goods)
1. Australian Dollar
57.65
55.25
2. Bahraini Dinar
205.15
192.60
3. Canadian Dollar
62.00
59.80
4. Chinese Yuan
11.90
11.55
5. Danish Kroner
11.95
11.55
6. EURO
89.00
85.80
7. Hong Kong Dollar
9.80
9.45
8. Kuwaiti Dinar
256.80
240.50
9. New Zealand Dollar
55.35
52.95
10. Norwegian Kroner
9.20
8.85
11. Pound Sterling
105.35
101.80
12. Qatari Riyal
21.15
19.85
13. Saudi Arabian Riyal
20.60
19.35
14. Singapore Dollar
56.75
54.85
15. South African Rand
5.35
5.05
16. Swedish Kroner
8.90
8.60
17. Swiss Franc
83.20
79.95
18. Turkish Lira
8.35
7.85
19. UAE Dirham
21.05
19.75
20. US Dollar
75.80
74.05

SCHEDULE-II

Sl. No.
Foreign Currency
Rate of exchange of 100 units of foreign currency
equivalent to Indian rupees
(1)
(2)
(3)
   
(a)
(b)
   
(For Imported Goods)
(For Export Goods)
1. Japanese Yen
66.85
64.45
2. Korean Won
6.60
6.20

[F.No. 468/01/2021-Cus.V]

(Bullo Mamu)
Under Secretary to the Govt. of India

TIOL Tube Latest

TIOL Tube
TIOL FISCAL HERITAGE AWARD conferred to Late Shri Arun Jaitley by Finance Commission Chairman N K Singh.



Press Release

VISION 360

Top News

TII LATEST

TIOLCORPLAWS LATEST