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<h1>India Sets New Exchange Rates for Import/Export Transactions Effective May 1, 2010; Supersedes Previous Notification /2010-Customs</h1> The Government of India, through the Ministry of Finance and the Central Board of Excise and Customs, issued Notification No. 32/2010-Customs (N.T.) on April 28, 2010, setting the exchange rates for foreign currencies against the Indian rupee for import and export transactions effective from May 1, 2010. This notification supersedes the previous notification No. 26/2010-Customs (N.T.) dated March 29, 2010. The rates are specified for various currencies, including the US Dollar, Euro, and Japanese Yen, with distinct rates for imported and exported goods as detailed in the attached schedules.