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of <h1>India Updates Exchange Rates for Export Goods Under Customs Act, 1962; New Rates Effective February 1, 2001</h1> The Central Government of India issued Notification No. 3/2001-Customs(N.T.) on January 25, 2001, under the Customs Act, 1962, establishing new exchange rates for converting specified foreign currencies into Indian Rupees for export goods. Effective from February 1, 2001, the notification supersedes the previous Notification No. 78/2000-NT-Customs. Schedule I lists the exchange rates for individual foreign currency units, including the US Dollar at 46.20 INR and the Euro at 43.15 INR. Schedule II provides rates for 100 units of certain currencies, such as the Japanese Yen at 39.50 INR.
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