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<h1>India Sets New Currency Exchange Rates for Customs Effective June 1, 2011; Supersedes Previous Notification /2011</h1> The Government of India, through the Ministry of Finance and the Central Board of Excise and Customs, issued Notification No. 36/2011 on May 27, 2011, establishing the exchange rates for converting foreign currencies into Indian rupees effective June 1, 2011. This notification supersedes the previous Notification No. 32/2011. The specified rates apply to both imported and exported goods, with detailed rates for various currencies such as the US Dollar, Euro, and Japanese Yen listed in Schedule I and II. The notification serves to standardize currency conversion rates for customs purposes under the Customs Act, 1962.