India Sets New Forex Rates for Import-Export: Notification No. 54/2009 Supersedes Previous Guidelines Effective June 1, 2009

The Government of India, through the Ministry of Finance's Department of Revenue and the Central Board of Excise and Customs, issued Notification No. 54/2009 on May 27, 2009. This notification establishes the exchange rates for converting foreign currencies into Indian rupees for import and export purposes, effective June 1, 2009. It supersedes the previous notification No. 44/2009. The exchange rates are specified for various currencies, including the Australian Dollar, Canadian Dollar, Euro, and US Dollar, among others, for both imported and exported goods. The notification includes detailed rate tables for each currency.

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