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of <h1>India Sets New Currency Exchange Rates for Imports and Exports Under Customs Act Section 14.</h1> The Government of India, through the Ministry of Finance and the Central Board of Indirect Taxes and Customs, issued Notification No. 90/2023 on December 7, 2023, under section 14 of the Customs Act, 1962. This notification supersedes the previous Notification No. 84/2023, effective from December 8, 2023. It establishes the exchange rates for various foreign currencies against the Indian rupee for imported and export goods. The rates are listed for currencies such as the US Dollar, Euro, and Japanese Yen, among others, in two schedules, with specific rates for both import and export transactions.
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