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    <title>Rate of exchange of currency, other than Indian rupees (Rule 34 of CGST Rules)</title>
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    <description>The rate of exchange for valuation of supplies billed in foreign currency differs by supply type: goods use the customs notified rate prevalent on the time of supply, while services use the exchange rate determined under GAAP on the time of supply; billing in foreign currency triggers application of these rules.</description>
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