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of <h1>India Updates Exchange Rates for South African Rand in Customs Act Notification No. 72/2018.</h1> The Government of India, through the Ministry of Finance's Central Board of Indirect Taxes and Customs, issued Notification No. 72/2018 on August 14, 2018. This notification amends a previous notification (No. 67/2018) regarding exchange rates under the Customs Act, 1962. Effective from August 15, 2018, the exchange rate for the South African Rand is updated in Schedule-I. For imported goods, the rate is set at 5.05 Indian Rupees per Rand, and for export goods, it is 4.70 Indian Rupees per Rand.
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