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of <h1>CBIC Sets New Currency Exchange Rates for Import/Export; Supersedes Notification 78/2022, Effective October 7, 2022.</h1> Notification No. 87/2022 by the Central Board of Indirect Taxes and Customs, dated October 6, 2022, supersedes Notification No. 78/2022. It establishes the exchange rates for converting specified foreign currencies into Indian Rupees for imported and export goods, effective October 7, 2022. The notification lists exchange rates for various currencies, such as the US Dollar, Euro, and Japanese Yen, among others, detailing separate rates for imports and exports. This notification was later superseded by Notification No. 90/2022, effective October 21, 2022.
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