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of <h1>New Exchange Rates for Currency Conversion in India Announced by CBIC, Effective February 22, 2019.</h1> Notification No. 13/2019 issued by the Central Board of Indirect Taxes and Customs on February 21, 2019, establishes the exchange rates for converting foreign currencies into Indian Rupees for imported and exported goods. Effective from February 22, 2019, the notification supersedes the previous Notification No. 09/2019. The rates are specified for various currencies including the US Dollar, Euro, and Japanese Yen, among others, with distinct rates for import and export transactions. This notification is issued under the authority of the Customs Act, 1962, and is relevant for customs valuation purposes.
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