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<h1>New Foreign Exchange Rates Announced by CBEC Under Customs Act, 1962, Effective May 22, 2015.</h1> The Central Board of Excise and Customs has announced new exchange rates for foreign currencies under the Customs Act, 1962, effective from May 22, 2015. This update supersedes the previous notification from May 7, 2015. The exchange rates apply to both imported and exported goods, with specific rates listed for various currencies such as the US Dollar, Euro, and Japanese Yen. For example, the exchange rate for one US Dollar is set at 64.30 INR for imports and 63.25 INR for exports. The rates are detailed in two schedules, covering individual and bulk currency units.
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