<h1>New Exchange Rates for Imports and Exports Announced by CBEC, Effective September 16, 2016, Under Customs Act, 1962.</h1> The Central Board of Excise and Customs has updated the exchange rates for foreign currencies in relation to imported and exported goods under the Customs Act, 1962. Effective from September 16, 2016, the new rates apply to various currencies, including the US Dollar, Euro, and Japanese Yen, among others. The rates differ for imported and exported goods, with specific values assigned for each currency. For instance, the US Dollar is set at 67.75 for imports and 66.05 for exports. This update supersedes a previous notification dated September 1, 2016, except for actions already completed under that notification.