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of <h1>CBIC Issues Notification on April 19, 2018, Setting New Currency Exchange Rates for Imports and Exports Effective April 20.</h1> Notification No. 33/2018-Customs (N.T.) issued by the Central Board of Indirect Taxes and Customs on April 19, 2018, sets the exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods, effective from April 20, 2018. This notification supersedes the previous Notification No. 31/2018-CUSTOMS (N.T.) dated April 5, 2018. The exchange rates for various currencies, including the US Dollar, Euro, and Japanese Yen, are detailed in Schedules I and II, providing specific rates for both import and export transactions.
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