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of <h1>Indian Government Updates Foreign Currency Exchange Rates for Exports under Customs Act, 1962, Effective September 1, 2001</h1> The Central Government of India issued Notification No. 39/2001-Customs (N.T.) on August 28, 2001, under the Customs Act, 1962, updating the exchange rates for foreign currencies related to exported goods. Effective from September 1, 2001, the notification supersedes the previous notification No. 35/2001-NT-Customs. It specifies the conversion rates for various foreign currencies into Indian Rupees, including the Austrian Schilling, Australian Dollar, Canadian Dollar, and others, as detailed in Schedule I and II. The rates are set for both single units and 100 units of foreign currencies, facilitating accurate currency conversion for export transactions.
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