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of <h1>India Sets New Currency Exchange Rates for Imports/Exports Effective November 1, 2011; Supersedes Previous Notification /2011-CUSTOMS</h1> The Government of India, through the Ministry of Finance's Central Board of Excise and Customs, issued Notification No. 74/2011-CUSTOMS (N.T.) on October 27, 2011. This notification establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported and export goods, effective November 1, 2011. The rates are detailed in two schedules: Schedule I lists rates for individual foreign currencies such as the US Dollar, Euro, and Pound Sterling, while Schedule II provides rates for 100 units of the Japanese Yen. This notification supersedes the previous Notification No. 70/2011-CUSTOMS (N.T.).
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