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of <h1>New Exchange Rates for Foreign Currencies in Import/Export Set by Notification No. 73/2022 Under Customs Act, 1962.</h1> Notification No. 73/2022 issued by the Central Board of Indirect Taxes and Customs, effective from September 2, 2022, supersedes the previous Notification No. 70/2022. It establishes the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes. The rates are detailed in two schedules: Schedule I lists rates for individual units of foreign currencies, while Schedule II provides rates for 100 units of certain currencies. This notification is pursuant to section 14 of the Customs Act, 1962, and is relevant for transactions involving imported and exported goods.
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