<h1>Customs Act 1962: Updated Currency Exchange Rates for Imports/Exports Effective October 16, 2015.</h1> The Central Board of Excise Customs, under the Customs Act, 1962, has updated the exchange rates for converting foreign currencies into Indian rupees for import and export purposes, effective from October 16, 2015. This supersedes the previous notification dated October 1, 2015. The rates are specified for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. For instance, the exchange rate for the US Dollar is set at 65.35 for imports and 64.30 for exports. These rates are essential for determining the value of imported and exported goods under the specified section of the Customs Act.