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of <h1>New Exchange Rates for Currency Conversion in Import/Export Set by Customs Notification No. 12/2023, Effective March 3, 2023.</h1> Notification No. 12/2023 - Customs (N.T.), issued by the Central Board of Indirect Taxes and Customs, supersedes Notification No. 10/2023-Customs (N.T.) and sets the exchange rates for converting foreign currencies into Indian rupees for imported and export goods, effective from March 3, 2023. The rates are specified for various currencies, including the US Dollar, Euro, Japanese Yen, and others. This notification is issued under the authority of Section 14 of the Customs Act, 1962, and is applicable to the rates mentioned in Schedules I and II for the respective currencies.
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