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of <h1>India Sets New Currency Exchange Rates for Exports; Effective May 1, 2007, as per Notification No. 33/2007-NT-Customs.</h1> The Government of India's Ministry of Finance, Department of Revenue, Central Board of Excise & Customs issued Notification No. 33/2007-NT-Customs on April 25, 2007. This notification, effective from May 1, 2007, establishes the exchange rates for converting specified foreign currencies to Indian Rupees for export goods. The rates are detailed in two schedules: Schedule I lists rates for individual units of currencies like the US Dollar (41.45 INR) and Euro (56.05 INR), while Schedule II provides the rate for 100 units of the Japanese Yen (34.90 INR). This notification supersedes the previous Notification No. 24/2007-NT-Customs.
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