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of <h1>New Customs Notification Sets Exchange Rates for Foreign Currencies to Indian Rupees Effective January 1995</h1> The Central Government of India, under the authority of the Customs Act, 1962, has issued Notification No. 73/94-Cus. (N.T.) dated December 28, 1994, which supersedes the previous notification No. 68/94-NT-Customs. This notification establishes the exchange rates for converting specified foreign currencies into Indian rupees for export goods, effective January 1, 1995. Schedule I lists individual exchange rates for currencies like the U.S. Dollar at 31.27 INR and the Pound Sterling at 48.31 INR. Schedule II provides rates for 100 units of currencies like the Japanese Yen at 31.13 INR and the Italian Lira at 1.90 INR.
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