<h1>Customs Act Update: New Foreign Currency Exchange Rates for Import/Export Effective May 17, 2013.</h1> The Central Board of Excise and Customs has updated the foreign currency exchange rates for imported and exported goods under the authority of the Customs Act, 1962. Effective from May 17, 2013, the exchange rates for various currencies, including the Australian Dollar, Euro, US Dollar, and Japanese Yen, have been specified. These rates determine the conversion of foreign currencies into Indian Rupees for customs purposes. The notification supersedes a previous announcement made on May 2, 2013, except for actions already taken. The rates are detailed for both import and export transactions in the provided schedules.