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of <h1>Indian Government Sets New Exchange Rates for Export Goods, Effective December 1, 2004, Replacing Previous Rates</h1> Notification No. 130/2004-Customs (N.T), dated 24th November 2004, issued by the Government of India, Ministry of Finance, Department of Revenue, establishes the exchange rates for foreign currencies related to export goods effective from 1st December 2004. This notification supersedes the previous notification No. 124/2004-NT-Customs. The exchange rates are specified in two schedules: Schedule I lists rates for individual foreign currencies like the US Dollar at 44.90 INR and the Euro at 58.30 INR, while Schedule II provides the rate for 100 units of the Japanese Yen at 43.35 INR.
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