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of <h1>India Sets New Currency Exchange Rates for Imports and Exports; Notification No. 94/2017 Supersedes Previous Rates.</h1> The Government of India's Ministry of Finance, through the Central Board of Excise and Customs, issued Notification No. 94/2017 on October 5, 2017, under the Customs Act, 1962. This notification supersedes the previous Notification No. 90/2017 and establishes new exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods, effective October 6, 2017. The rates vary for different currencies, with specific rates listed for both import and export transactions. This adjustment is crucial for customs duties and valuation of goods in international trade.
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