Government of India Sets New Currency Exchange Rates for Imports/Exports Under Customs Act, 1962.

The Government of India's Ministry of Finance issued Notification No. 02/2019, under the Customs Act, 1962, establishing exchange rates for foreign currencies against the Indian rupee for imported and exported goods, effective from January 4, 2019. This notification supersedes the previous Notification No. 99/2018. The notification lists exchange rates for various currencies, including the US Dollar, Euro, and Japanese Yen, among others, with separate rates for imported and exported goods. The notification was later superseded by Notification No. 05/2019 on January 17, 2019.

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