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of <h1>India Sets New Exchange Rates for Import/Export: US Dollar, Euro, Yen Included; Effective January 2, 2015</h1> The Government of India, through the Ministry of Finance's Central Board of Excise and Customs, issued Notification No. 01/2015-CUSTOMS (N.T.) on January 1, 2015. This notification establishes the exchange rates for converting specified foreign currencies into Indian Rupees for import and export purposes, effective January 2, 2015. The rates are detailed in two schedules: Schedule I includes currencies like the US Dollar, Euro, and Pound Sterling, while Schedule II covers the Japanese Yen and Kenya Shilling. This notification supersedes a prior notification dated December 18, 2014, except for actions already taken under it.
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