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of <h1>India Sets New Currency Exchange Rates for Imports/Exports Under Customs Act, Effective November 18, 2022.</h1> The Central Board of Indirect Taxes and Customs in India issued Notification No. 97/2022 on November 17, 2022, under the Customs Act, 1962, superseding a previous notification. This notification specifies the exchange rates for converting foreign currencies into Indian rupees for imported and export goods, effective November 18, 2022. The rates are detailed in two schedules: Schedule I lists rates for one unit of various currencies including the US Dollar, Euro, and others, while Schedule II provides rates for 100 units of currencies like the Japanese Yen and Korean Won. These rates are applicable for customs purposes.
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