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of <h1>Mangaluru Customs Launches Exchange Rate Automation Module (ERAM) to Streamline Rate Issuance from July 2024.</h1> The Customs Office in Mangaluru announces the launch of the Exchange Rate Automation Module (ERAM) to automate the process of issuing exchange rates, effective from July 4, 2024. Previously, exchange rates were manually notified and incorporated into the Indian Customs EDI System. Now, exchange rate data from the State Bank of India will be automatically forwarded to ICEGATE, adjusted, and published online for public access. The rates will be effective from midnight following their publication. A contingency plan is in place to handle technical issues, ensuring uninterrupted access to exchange rates. This notice serves as a standing order for customs staff.
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