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of <h1>Customs Act, 1962: Central Government Sets Exchange Rates for Foreign Currencies in Export Transactions Effective August 1, 1992.</h1> The Central Government, under the Customs Act, 1962, has set exchange rates for converting specified foreign currencies into Indian currency for export goods, effective from August 1, 1992. The notification lists conversion rates for various currencies, including Austrian Schillings (37.1180), Australian Dollars (4.7425), Belgian Francs (109.5000), Canadian Dollars (4.2110), Deutsche Marks (5.2990), and U.S. Dollars (3.5345), among others. These rates are intended to standardize the conversion process for export transactions involving these currencies.
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