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of <h1>New Exchange Rates for Foreign Currencies Set Under Customs Act 1962, Effective March 1, 2001</h1> The Central Government of India issued Notification No. 5/2001-Customs (N.T.) on February 23, 2001, under the Customs Act, 1962, to establish exchange rates for converting foreign currencies to Indian Rupees for exported goods. Effective from March 1, 2001, the notification supersedes the previous Notification No. 3/2001-NT-Customs. It specifies exchange rates for various currencies, including the US Dollar at 46.50 INR, the Euro at 42.15 INR, and the Pound Sterling at 67.05 INR. The notification includes two schedules detailing the rates for individual and 100-unit foreign currencies.
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