<h1>New Exchange Rates for Foreign Currencies in Trade Effective Nov 21, 2014, Under Customs Act 1962.</h1> The Central Board of Excise and Customs has announced new exchange rates for foreign currencies concerning imported and exported goods, effective from November 21, 2014. These rates are determined under the Customs Act, 1962. The exchange rates for various currencies, including the US Dollar, Euro, and Japanese Yen, are specified for both import and export transactions. For example, the rate for the US Dollar is set at 62.60 for imports and 61.60 for exports. The adjustments aim to streamline currency conversion for international trade activities in compliance with the relevant legal framework.