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of <h1>New Exchange Rates for Foreign Currencies Announced Under Customs Act, 1962; Effective December 1, 1996</h1> Notification No. 57/96-Cus. (N.T.), dated November 25, 1996, issued by the Central Government, supersedes Notification No. 51/96-Cus. (N.T.) regarding exchange rates for imported goods. Under the Indian Stamp Act, 1899, and the Customs Act, 1962, this notification prescribes exchange rates for converting specified foreign currencies into Indian rupees, effective December 1, 1996. Schedule I lists rates for individual units of various currencies, including the U.S. Dollar at 35.83 INR and the Pound Sterling at 60.50 INR. Schedule II provides rates for 100 units of other currencies, such as Belgian Francs at 116.33 INR and Japanese Yen at 32.18 INR.
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