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of <h1>India Sets New Currency Exchange Rates for Imports/Exports in Notification No. 43/2017 Effective May 5, 2017.</h1> The Government of India, through the Ministry of Finance and the Central Board of Excise and Customs, issued Notification No. 43/2017 on May 4, 2017, under the Customs Act, 1962. This notification establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported and export goods, effective May 5, 2017. The rates are detailed in two schedules: Schedule I lists rates for individual units of foreign currencies like the US Dollar, Euro, and Australian Dollar, while Schedule II provides rates for 100 units of currencies such as the Japanese Yen and Kenya Shilling. This notification supersedes the previous Notification No. 40/2017.
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