<h1>Exchange rate determination fixes conversion rates for customs valuation and distinguishes imported and export rates.</h1> Determination of rate of exchange for conversion of specified foreign currencies into Indian rupees under the Customs Act, 1962, superseding an earlier notification and effective from 3 March 2017. Two schedules set distinct rupee equivalents for imported and export goods: Schedule I lists per unit rates for major currencies; Schedule II lists rates per 100 units for currencies quoted on that basis. The notification preserves actions or omissions predating its supersession.