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of <h1>India's Ministry of Finance Sets New Exchange Rates for Import/Export Goods Effective 19th Sept 2014, Replacing Old Rates.</h1> The Government of India's Ministry of Finance, through the Central Board of Excise and Customs, issued Notification No. 87/2014-Customs (N.T.) on 18th September 2014. This notification establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods, effective from 19th September 2014. The rates are detailed in two schedules: Schedule I lists rates for currencies like the US Dollar, Euro, and Pound Sterling, while Schedule II provides rates for the Japanese Yen and Kenya Shilling. This notification supersedes the previous Notification No. 75/2014-Customs (N.T.).
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