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of <h1>New Exchange Rates for Imports and Exports Announced by Central Board, Effective December 19, 2014, Under Customs Act Section 14.</h1> The Central Board of Excise and Customs has announced new exchange rates for foreign currencies related to imported and exported goods, effective December 19, 2014. This notification supersedes the previous one from December 4, 2014. The rates are specified for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. For example, the exchange rate for the US Dollar is set at 63.85 INR for imports and 62.80 INR for exports. These rates are determined under the authority of Section 14 of the Customs Act, 1962, to facilitate trade.
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