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of <h1>New Customs Notification Sets Exchange Rates for Import Goods Effective June 1, 2007; USD at 40.90 INR, Euro 55.00 INR.</h1> The Government of India, through the Ministry of Finance's Department of Revenue and the Central Board of Excise & Customs, issued Notification No. 52/2007-NT-Customs on May 28, 2007. This notification supersedes the previous notification No. 32/2007-NT-Customs dated April 25, 2007. It establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported goods, effective June 1, 2007. The rates for currencies such as the US Dollar, Euro, Pound Sterling, and others are listed, with the US Dollar set at 40.90 INR and the Euro at 55.00 INR, among others.
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