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of <h1>India Sets New Forex Rates for Export Goods Under Customs Act, 1962, Effective November 1, 2001</h1> The Central Government of India issued Notification No. 56/2001 under the Customs Act, 1962, establishing new exchange rates for converting specified foreign currencies into Indian Rupees for exported goods. Effective from November 1, 2001, this notification supersedes the previous Notification No. 45/2001. The rates are detailed in two schedules: Schedule I lists the exchange rate per unit of various currencies, including the US Dollar at 47.85 and the Euro at 42.60, while Schedule II provides rates for 100 units of currencies like the Japanese Yen at 39.05.
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