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of <h1>India Updates Exchange Rates for Export Goods Under Customs Act 1962, Effective July 1, 1997</h1> The Central Government of India, under the Customs Act, 1962, has issued Notification No. 25/97-Cus. (N.T.), effective from July 1, 1997, superseding Notification No. 21/97-Cus. (N.T.). This notification sets the exchange rates for converting specified foreign currencies into Indian rupees for export goods. Schedule I lists exchange rates for individual units of various currencies, including the U.S. Dollar at 35.66 INR and the Pound Sterling at 59.46 INR. Schedule II provides rates for 100 units of other currencies, such as the Japanese Yen at 31.14 INR and the Belgian Francs at 100.45 INR.
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