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of <h1>India Sets New Exchange Rates for Foreign Currencies in Trade, Effective January 6, 2017, Notification No. 1/2017.</h1> The Government of India, through the Ministry of Finance's Central Board of Excise and Customs, issued Notification No. 1/2017 on January 5, 2017, setting the exchange rates for converting various foreign currencies into Indian Rupees. Effective from January 6, 2017, these rates apply to imported and exported goods. The notification supersedes the previous notification No. 147/2016-CUSTOMS (N.T.) dated December 15, 2016. The exchange rates are specified for currencies such as the US Dollar, Euro, Pound Sterling, and others, detailing separate rates for import and export transactions.
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