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of <h1>India Sets New Exchange Rates for Imports/Exports Under Customs Act, 1962, Notification No. 13/2018.</h1> The Ministry of Finance, Government of India, issued Notification No. 13/2018 on February 15, 2018, under the Customs Act, 1962, determining the exchange rates for converting specified foreign currencies into Indian Rupees and vice versa. This notification supersedes the previous Notification No. 11/2018, effective from February 16, 2018. The exchange rates apply to both imported and exported goods, with specific rates listed for currencies such as the US Dollar, Euro, Pound Sterling, and others. The notification includes detailed schedules listing the rates for each currency for import and export transactions.
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