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of <h1>New Exchange Rates for Currency Conversion Under Customs Act, 1962: USD at 40.10 INR, Euro at 55.20 INR</h1> Notification No. 76/2007-NT-Customs, issued by the Government of India's Ministry of Finance, supersedes the previous Notification No. 64/2007. Effective from August 1, 2007, it establishes the exchange rates for converting foreign currencies to Indian rupees for exported goods under the Customs Act, 1962. The rates are specified for various currencies, including the US Dollar at 40.10 INR, Euro at 55.20 INR, and Japanese Yen at 33.30 INR per 100 units. This notification is published in the Gazette of India, Extraordinary, and is managed by the Central Board of Excise & Customs.
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