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of <h1>India Sets New Currency Exchange Rates for Imports and Exports, Effective July 18, 2014, via Notification No. 53/2014</h1> The Government of India, through the Central Board of Excise and Customs, issued Notification No. 53/2014-Customs (N.T.) on 17th July 2014, setting the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes, effective from 18th July 2014. This notification supersedes the previous Notification No. 49/2014-Customs (N.T.) dated 3rd July 2014. The rates are detailed in two schedules: Schedule I lists rates for one unit of various currencies, while Schedule II provides rates for 100 units of Japanese Yen and Kenya Shilling.
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