<h1>Customs Act Amendment: Updated Exchange Rates for Japanese Yen on Imports and Exports Announced by CBEC.</h1> The Central Board of Excise and Customs has amended the exchange rates for foreign currencies related to imported and exported goods under the Customs Act, 1962. This amendment modifies the previous notification issued by the Ministry of Finance on December 4, 2014. Specifically, the exchange rate for the Japanese Yen has been updated to 55.20 Indian Rupees for imported goods and 53.90 Indian Rupees for exported goods. These changes are detailed in Schedule-II of the amended notification.