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of <h1>India Updates Exchange Rate for South African Rand: 4.95 INR for Imports, 4.60 INR for Exports, Effective April 6, 2017.</h1> The Government of India, through the Ministry of Finance's Department of Revenue and the Central Board of Excise and Customs, issued Notification No. 32/2017 on April 5, 2017. This notification amends the previous Notification No. 22/2017-CUSTOMS (N.T.) dated March 16, 2017, under the Customs Act, 1962. Effective April 6, 2017, the exchange rate for the South African Rand is set at 4.95 Indian Rupees for imported goods and 4.60 Indian Rupees for export goods.
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