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of <h1>India Sets New Exchange Rates for Foreign Currencies Under Customs Act via Notification No. 33/2017.</h1> The Government of India's Ministry of Finance, through the Central Board of Excise and Customs, issued Notification No. 33/2017 on April 6, 2017, under the Customs Act, 1962. This notification supersedes the previous Notification No. 22/2017 and establishes the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes, effective April 7, 2017. The rates are detailed in two schedules: Schedule I lists rates for individual foreign currency units, and Schedule II lists rates for 100 units of foreign currencies, covering currencies like the US Dollar, Euro, and Japanese Yen, among others.
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