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of <h1>Central Government Updates Exchange Rates for Currency Conversion Under Customs Act, 1962, Effective June 1, 1997.</h1> Notification No. 21/97-Cus. (N.T.), dated May 27, 1997, issued by the Central Government under the Customs Act, 1962, supersedes Notification No. 15/97-Cus. (N.T.) from April 25, 1997. It establishes new exchange rates for converting specified foreign currencies into Indian Rupees for export goods, effective June 1, 1997. Schedule I lists rates for one unit of various currencies like the U.S. Dollar at 35.60 INR and Pound Sterling at 58.51 INR. Schedule II provides rates for 100 units of currencies such as Belgian Francs at 102.53 INR and Japanese Yen at 30.70 INR.
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