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of <h1>India Sets New Currency Exchange Rates for Imports and Exports Effective March 3, 2017, via Notification No. 14/2017.</h1> The Government of India, through the Ministry of Finance's Central Board of Excise and Customs, issued Notification No. 14/2017 on March 2, 2017, under the Customs Act, 1962. This notification sets the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes, effective March 3, 2017. It supersedes the previous notification No. 12/2017. The rates are detailed in two schedules, with Schedule I listing rates for one unit of various currencies and Schedule II for 100 units. The notification includes currencies like the US Dollar, Euro, and Japanese Yen, among others.
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