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of <h1>India Sets New Foreign Currency Exchange Rates for Imports/Exports, Effective February 5, 2021, Per Notification No. 14/2021-Customs.</h1> Notification No. 14/2021-Customs (N.T.) issued by the Government of India's Ministry of Finance on February 4, 2021, establishes the exchange rates for converting specified foreign currencies into Indian Rupees for import and export purposes. Effective from February 5, 2021, the rates are detailed in two schedules: Schedule I lists rates for individual foreign currency units, and Schedule II provides rates for 100 units of specified currencies. This notification supersedes Notification No. 05/2021-Customs (N.T.) and includes currencies such as the US Dollar, Euro, and Japanese Yen, among others.
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