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of <h1>India Sets New Exchange Rates for Import/Export Transactions Under Customs Act, 1962, Effective March 16, 2018.</h1> Notification No. 19/2018-Customs (N.T.) issued by the Government of India on March 15, 2018, under the Customs Act, 1962, establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported and export goods. Effective from March 16, 2018, the notification supersedes the previous Notification No. 18/2018-CUSTOMS (N.T.) dated March 1, 2018. The exchange rates for various currencies such as the US Dollar, Euro, and Japanese Yen are detailed in two schedules, indicating rates for both import and export transactions.
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