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of <h1>New Exchange Rates for Foreign Currencies in Import/Export Goods Announced under Customs Act Section 14.</h1> The Central Board of Indirect Taxes and Customs, under the Ministry of Finance, issued Notification No. 27/2024 on April 4, 2024, superseding the previous Notification No. 24/2024. This notification, effective from April 5, 2024, establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported and export goods under Section 14 of the Customs Act, 1962. The rates are detailed in two schedules, with Schedule I listing individual currency rates and Schedule II covering rates for 100 units of certain currencies, such as the Japanese Yen and Korean Won.
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