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of <h1>India Sets New Currency Exchange Rates for Imports and Exports Under Customs Act, 1962, Effective April 21, 2017.</h1> The Government of India, through the Ministry of Finance's Central Board of Excise and Customs, issued Notification No. 40/2017 on April 20, 2017, under the Customs Act, 1962. This notification supersedes the previous Notification No. 33/2017 and sets the exchange rates for converting specified foreign currencies into Indian Rupees for import and export purposes, effective from April 21, 2017. The rates are detailed in two schedules: Schedule I lists rates for individual units of foreign currencies, while Schedule II provides rates for 100 units of foreign currencies.
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