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of <h1>Indian Government Updates Exchange Rates for Export Goods Under Customs Act, 1962; Effective June 1, 1996</h1> The Central Government of India has amended Notification No. 24/96-Cus. (N.T.) regarding exchange rates for export goods, effective from June 1, 1996. This amendment, issued under the Customs Act, 1962, specifies the conversion rates between foreign currencies and Indian rupees. Schedule I lists the exchange rate for one unit of various foreign currencies, including the U.S. Dollar at 34.67 INR and the Pound Sterling at 52.49 INR. Schedule II provides rates for 100 units of other currencies, such as Belgian Francs at 109.30 INR and Japanese Yen at 32.42 INR.
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