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of <h1>New Exchange Rates for Export Goods Announced Under Customs Act, 1962; Effective February 1, 1999</h1> Notification No. 7/99-Cus. (N.T.), dated January 28, 1999, issued by the Central Government under the Customs Act, 1962, supersedes Notification No. 102/98-Cus. (N.T.). It establishes new exchange rates for converting specified foreign currencies into Indian rupees for export goods, effective February 1, 1999. Schedule I lists rates for individual units of currencies like the Australian Dollar (26.70 INR) and U.S. Dollar (42.40 INR), while Schedule II provides the rate for 100 units of the Japanese Yen (37.25 INR). This notification applies to customs duties and transactions involving export goods.
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