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of <h1>India Sets New Exchange Rates for Imports/Exports Under Customs Act, 1962; Notification No. 82/2021 Supersedes Previous Rates.</h1> The Government of India's Ministry of Finance issued Notification No. 82/2021 on October 21, 2021, under the Customs Act, 1962, setting the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes. This notification superseded the previous Notification No. 80/2021, effective from October 22, 2021. The exchange rates for various currencies, including the US Dollar, Euro, and Japanese Yen, are detailed in two schedules. The rates differ for imported and exported goods, with specific values assigned to each currency. This notification was later superseded by Notification No. 90/2021 on November 3, 2021.
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