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of <h1>India Updates South African Rand Exchange Rate for Import and Export in Customs Notification No. 42/2023.</h1> The Government of India, through the Central Board of Indirect Taxes and Customs, has issued Notification No. 42/2023-Customs (N.T.) on 12th June 2023, amending the previous Notification No. 39/2023-CUSTOMS (N.T.) dated 1st June 2023. Effective from 13th June 2023, this amendment specifically updates the exchange rate for the South African Rand in Schedule-I. The rate for imported goods is set at 4.55 Indian rupees per Rand, while for export goods, it is set at 4.25 Indian rupees per Rand.
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