<h1>Customs Act 1962: New Exchange Rates for Currency Conversion in Imports and Exports Effective June 5, 2015.</h1> The Central Board of Excise Customs, utilizing powers under the Customs Act, 1962, has set the exchange rates for converting specified foreign currencies to Indian rupees for import and export purposes, effective June 5, 2015. The rates for imported goods are generally higher than those for exported goods. For instance, the exchange rate for one US Dollar is 64.75 INR for imports and 63.70 INR for exports. Similarly, 100 Japanese Yen is valued at 52.15 INR for imports and 51.00 INR for exports. These rates apply to various currencies including the Euro, Pound Sterling, and others.