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of <h1>India Updates Exchange Rates for Export Goods Under Customs Act, 1962: New Rates Effective January 1996</h1> The Central Government of India has amended Notification No. 70/95-Cus. (N.T.) regarding exchange rates for export goods under the Customs Act, 1962. Effective from January 1, 1996, the exchange rates for converting specified foreign currencies into Indian rupees or vice versa are outlined in the notification. Schedule I lists the rates for one unit of foreign currency, including the U.S. Dollar at 34.75 and the Pound Sterling at 53.55. Schedule II provides rates for 100 units of certain currencies, such as the Japanese Yen at 33.82 and the Belgian Francs at 117.36.
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