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of <h1>New Exchange Rates Set for Imports/Exports: Indian Rupee vs. Global Currencies Effective November 1, 2007</h1> The notification issued by the Government of India's Ministry of Finance, Department of Revenue, supersedes previous notifications regarding exchange rates for imported and exported goods. Effective from November 1, 2007, the Central Board of Excise and Customs has set specific exchange rates for various foreign currencies against the Indian rupee. These rates are detailed in two schedules: Schedule I lists exchange rates for individual units of currencies such as the Australian Dollar, Canadian Dollar, Euro, and US Dollar, while Schedule II provides rates for 100 units of the Japanese Yen. The notification ensures standardized currency conversion for customs purposes.
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