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of <h1>India's Ministry of Finance Updates Foreign Currency Exchange Rates for Imports/Exports, Effective July 4, 2014, per Notification 49/2014</h1> The Government of India's Ministry of Finance issued Notification No. 49/2014-Customs (N.T.) on July 3, 2014, detailing the exchange rates for converting foreign currencies into Indian Rupees, effective from July 4, 2014. This notification supersedes the previous notification No. 47/2014-CUSTOMS (N.T.) dated June 19, 2014. The exchange rates apply to both imported and exported goods, with specific rates provided for various currencies, including the US Dollar, Euro, Pound Sterling, and others. The rates are listed for one unit of currency and, in some cases, 100 units, as applicable to different currencies.
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