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of <h1>India Sets New Currency Exchange Rates for Imports/Exports Under Customs Act, 1962, Effective February 21, 2020.</h1> The Government of India's Ministry of Finance, through the Central Board of Indirect Taxes and Customs, issued Notification No. 15/2020 on February 20, 2020, under the Customs Act, 1962. This notification supersedes the previous Notification No. 11/2020 and sets the exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods, effective February 21, 2020. The rates are detailed in two schedules: Schedule I lists rates for individual foreign currencies, while Schedule II provides rates for 100 units of specific currencies. This notification was later superseded by Notification No. 20/2020 on March 5, 2020.
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