<h1>Revised Exchange Rates for Imports and Exports Announced by Central Board, Effective May 3, 2013, Under Customs Act 1962.</h1> The Central Board of Excise and Customs has announced revised exchange rates for foreign currencies in relation to imported and exported goods, effective from May 3, 2013. This update, under the Customs Act, 1962, supersedes the previous notification dated April 18, 2013. The new rates specify the conversion values of various foreign currencies into Indian rupees for both import and export purposes. For instance, the US Dollar is set at 54.65 for imports and 53.70 for exports, while the Euro is at 71.90 for imports and 70.05 for exports. These rates are detailed in two schedules for different currencies.