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The notification u/s 14 of the Customs Act, 1962, supersedes a previous notification. It determines new exchange rates for specified foreign currencies for import and export goods effective from 21st June, 2024. Schedule I lists rates for various currencies like Australian Dollar, EURO, Pound Sterling, etc. Schedule II lists rates for Japanese Yen, Korean Won, etc. The Central Board of Indirect Taxes and Customs issues this notification through the Ministry of Finance, Department of Revenue.