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of <h1>India Updates Foreign Currency Exchange Rates for Imports/Exports Under Customs Act, 1962, Effective March 17, 2023.</h1> The Government of India, through the Ministry of Finance and the Central Board of Indirect Taxes and Customs, issued Notification No. 15/2023 on March 16, 2023, superseding an earlier notification dated March 2, 2023. This notification sets the exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods, effective March 17, 2023. The rates are detailed in two schedules: Schedule I lists rates for individual foreign currencies, and Schedule II provides rates for 100 units of certain currencies. The notification is applicable under Section 14 of the Customs Act, 1962.
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