India Updates Currency Exchange Rates for Customs, Replacing Previous Notification; Effective from December 4, 2015

The Government of India, through the Central Board of Excise and Customs, issued Notification No. 136/2015 on December 3, 2015, under the Customs Act, 1962. This notification supersedes the previous notification No. 112/2015 dated November 19, 2015, and establishes new exchange rates for converting specified foreign currencies into Indian Rupees, effective December 4, 2015. The rates apply to both imported and exported goods, with details provided in two schedules. Schedule I lists exchange rates for one unit of various currencies, while Schedule II provides rates for 100 units of Japanese Yen and Kenya Shilling.

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