<h1>CBEC Updates Foreign Currency Exchange Rates for Imports/Exports Effective January 17, 2014; Details for USD, Euro Included.</h1> The Central Board of Excise and Customs (CBEC) has announced new exchange rates for converting foreign currencies into Indian currency for import and export purposes, effective from January 17, 2014. This update supersedes the previous notification from January 2, 2014. The exchange rates vary for different currencies, with examples including the US Dollar at 62.20 for imports and 61.20 for exports, and the Euro at 85.05 for imports and 83.05 for exports. These rates are specified in two schedules, with Schedule I listing individual currency units and Schedule II listing 100 units for certain currencies.