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of <h1>New Exchange Rates for Foreign Currencies in Import/Export Set by Notification No. 36/2024, Effective May 17, 2024.</h1> The Central Board of Indirect Taxes and Customs, under the Ministry of Finance, issued Notification No. 36/2024 on May 16, 2024, superseding Notification No. 34/2024. Effective from May 17, 2024, this notification sets the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes under the Customs Act, 1962. The exchange rates are detailed in two schedules: Schedule I lists rates for individual currencies like the US Dollar, Euro, and Pound Sterling, while Schedule II provides rates for 100 units of currencies such as the Japanese Yen and Korean Won.
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