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of <h1>Ministry of Finance Sets New Exchange Rates for Customs Act 1962, Effective June 8, 2018, Superseding Prior Rates.</h1> Notification No. 49/2018 issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, establishes the exchange rates for various foreign currencies against the Indian Rupee for the purposes of the Customs Act, 1962. Effective from June 8, 2018, this notification supersedes the previous Notification No. 43/2018. The exchange rates are specified for both imported and export goods, with detailed rates provided for currencies such as the US Dollar, Euro, and Japanese Yen, among others. This notification was later superseded by Notification No. 55/2018, effective June 22, 2018.
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