India Sets New Currency Exchange Rates for Imports/Exports Effective Jan 3, 2014, via Notification No. 01/2014-CUSTOMS

The Government of India's Ministry of Finance issued Notification No. 01/2014-CUSTOMS (N.T.) on January 2, 2014, under the Customs Act, 1962. This notification supersedes the previous notification No. 131/2013-CUSTOMS (N.T.) and establishes new exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes, effective January 3, 2014. Schedule I lists the rates for individual foreign currencies like the US Dollar, Euro, and Pound Sterling, while Schedule II specifies rates for 100 units of currencies such as the Japanese Yen and Kenya Shilling.

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