<h1>CBEC Revises Exchange Rates for Imports and Exports u/s 14 of Customs Act, Effective December 4, 2015.</h1> The Central Board of Excise Customs (CBEC) has updated the exchange rates for foreign currencies concerning imported and exported goods under Section 14 of the Customs Act, 1962. Effective from December 4, 2015, the revised rates apply to various currencies, including the US Dollar, Euro, and Japanese Yen, among others. These rates are specified in two schedules, with Schedule I listing rates for single units of foreign currencies and Schedule II for 100 units. The changes supersede the previous notification dated November 19, 2015, except for actions completed before this update.