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of <h1>Indian Government Updates Currency Exchange Rates for Export Goods under Customs Act, 1962, Effective December 1, 2001.</h1> The Central Government of India issued Notification No. 59/2001-Customs (N.T.) on November 26, 2001, under the Customs Act, 1962. This notification supersedes the previous Notification No. 56/2001-NT-Customs and establishes the exchange rates for converting various foreign currencies into Indian Rupees for exported goods, effective December 1, 2001. The specified rates for currencies such as the US Dollar, Euro, and Pound Sterling, among others, are detailed in Schedule I and Schedule II. These rates are crucial for determining the value of export goods in Indian currency.
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