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of <h1>India Sets New Currency Exchange Rates for Imports/Exports; Supersedes Notification No. 57/2021 Effective July 16, 2021.</h1> The Government of India, through the Ministry of Finance's Central Board of Indirect Taxes and Customs, issued Notification No. 59/2021 on July 15, 2021, under section 14 of the Customs Act, 1962. This notification supersedes the previous Notification No. 57/2021 and establishes the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes, effective from July 16, 2021. The notification includes detailed exchange rates for various currencies such as the US Dollar, Euro, and Japanese Yen, among others, as listed in Schedules I and II.
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