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of <h1>New Exchange Rates for Foreign Currencies in India Effective July 17, 2020, per Notification No. 59/2020-Customs.</h1> Notification No. 59/2020-Customs (N.T.) issued by the Central Board of Indirect Taxes and Customs on July 16, 2020, determines the exchange rates for converting specified foreign currencies into Indian Rupees for import and export purposes. Effective from July 17, 2020, the rates are detailed in two schedules: Schedule I lists the exchange rates for one unit of various foreign currencies, while Schedule II provides rates for 100 units of certain currencies. This notification supersedes the previous Notification No. 55/2020-Customs (N.T.) dated July 2, 2020, except for actions already taken under it.
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