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of <h1>India Sets New Customs Exchange Rates Effective July 1, 2011, Replacing Previous Notification /2011-Customs</h1> The Government of India, through the Ministry of Finance's Central Board of Excise and Customs, issued Notification No. 41/2011-Customs (N.T.) on June 28, 2011. Effective from July 1, 2011, this notification establishes the exchange rates for converting specified foreign currencies into Indian rupees for customs purposes. The rates apply to both imported and exported goods, superseding the previous notification No. 36/2011-CUSTOMS (N.T.). The exchange rates for various currencies like the Australian Dollar, Canadian Dollar, Euro, and US Dollar are listed in Schedule I and II, with distinct rates for imports and exports.
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