<h1>Customs Act 1962: New Exchange Rates for Foreign Currencies to Indian Rupees Effective June 20, 2014.</h1> The Central Board of Excise and Customs, under the authority of the Customs Act, 1962, has issued a notification effective from June 20, 2014, setting the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes. The rates are detailed in two schedules: Schedule I lists rates for individual units of currencies like the US Dollar, Euro, and Australian Dollar, while Schedule II provides rates for 100 units of currencies such as the Japanese Yen and Kenya Shilling. This supersedes a previous notification from June 5, 2014.