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India Sets New Exchange Rate for Imports and Exports

by Abhijit Deka

The Central Board of Indirect Taxes and Customs (CBIC) has notified the new exchange rate for the conversion of foreign currencies into Indian currency or vice versa for imported and export goods. The new exchange rate will be applicable from March 27, 2024. The notification, which supersedes Notification No. 18/2024-Customs(N.T.), dated March 7, 2024, specifies […]

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