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of <h1>India Sets New Currency Exchange Rates for Exports Under Customs Act, 1962; Supersedes Previous Notification</h1> Notification No. 23/2004 issued by the Government of India, effective from March 1, 2004, establishes the exchange rates for converting specified foreign currencies into Indian rupees for exported goods, as per the Customs Act, 1962. This supersedes the previous notification No. 11/2004. The exchange rates listed include currencies such as the US Dollar at 45.10 INR, Euro at 56.30 INR, and Japanese Yen at 41.45 INR per 100 units. The rates are detailed in two schedules, specifying individual and bulk conversion rates for various foreign currencies.
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