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of <h1>Amendment to Notification No. 73/97-Cus updates exchange rate for US Dollar to 39.80 INR for customs valuation.</h1> The Central Government has issued an amendment to Notification No. 73/97-Cus. (N.T.), concerning exchange rates for imported goods, under the Indian Stamp Act, 1899, and the Customs Act, 1962. Effective from January 7, 1998, the amendment updates the exchange rate for the U.S. Dollar in Schedule-I, setting it at 39.80 Indian Rupees per unit. This adjustment aims to align with current economic conditions and ensure accurate valuation of imported goods for customs purposes.
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