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of <h1>New Exchange Rates for Imports/Exports Set by CBIC Under Customs Act, 1962, Effective September 17, 2021.</h1> The Central Board of Indirect Taxes and Customs issued Notification No. 74/2021, dated 16th September 2021, under the Customs Act, 1962, setting the exchange rates for foreign currencies against the Indian Rupee for imported and exported goods, effective from 17th September 2021. This supersedes Notification No. 71/2021, dated 2nd September 2021. The notification provides specific exchange rates for various currencies, including the US Dollar, Euro, and Japanese Yen, among others, with separate rates for imports and exports. The notification aims to standardize currency conversion for customs purposes.
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