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of <h1>India Updates Exchange Rates for Korean Won Under Customs Act Section 14; Affects Import and Export Transactions.</h1> The Central Board of Indirect Taxes and Customs, under the Ministry of Finance, issued an amendment to Notification No. 27/2020-CUSTOMS (N.T.) dated 19th March 2020. Effective from 27th March 2020, the amendment modifies the exchange rate for the Korean Won in Schedule-II. The new exchange rates are set at 6.35 Indian Rupees for 100 units of Korean Won for imported goods and 5.95 Indian Rupees for exported goods. This change is enacted under the authority granted by section 14 of the Customs Act, 1962.
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