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of <h1>New Currency Exchange Rates for Imports/Exports Set by Notification No. 40/2022-Customs (N.T.), Effective 6th May 2022.</h1> The Central Board of Indirect Taxes and Customs issued Notification No. 40/2022-Customs (N.T.) on 5th April 2022, setting new exchange rates for foreign currencies against the Indian rupee for import and export purposes, effective from 6th May 2022. This notification supersedes Notification No. 34/2022-Customs (N.T.) dated 21st April 2022. The rates for various currencies, including the US Dollar, Euro, and Japanese Yen, are specified in two schedules, with distinct rates for imported and exported goods. The notification was later superseded by Notification No. 43/2022-Customs (N.T.) effective from 20th May 2022.
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