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<h1>New Exchange Rates for Foreign Currencies under Customs Act, 1962 for Import/Export Effective January 8, 2016.</h1> The Central Board of Excise Customs has issued a notification under the Customs Act, 1962, setting new exchange rates for foreign currencies related to imported and export goods, effective January 8, 2016. This supersedes a previous notification from December 17, 2015. The exchange rates for various currencies, including the Australian Dollar, Euro, US Dollar, and Japanese Yen, are specified for both import and export transactions. For example, the US Dollar is set at 67.45 INR for imports and 66.40 INR for exports. This adjustment aims to streamline currency conversion for trade purposes.
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