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of <h1>New Exchange Rates for Foreign Currencies Against Indian Rupee Effective June 7, 2024, per Notification No. 40/2024.</h1> The Central Board of Indirect Taxes and Customs, under the Ministry of Finance, issued Notification No. 40/2024 on June 6, 2024, determining the exchange rates for foreign currencies against the Indian rupee effective from June 7, 2024. This supersedes Notification No. 36/2024 dated May 16, 2024, except for actions taken or omitted before the supersession. The rates apply to both imported and exported goods, with specific rates listed for various currencies, including the US Dollar, Euro, and Japanese Yen, among others, as detailed in Schedules I and II of the notification.
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