<h1>Customs Act Update: New Foreign Currency Exchange Rates for Imports/Exports Effective November 3, 2017.</h1> The Central Board of Excise and Customs has updated the exchange rates for foreign currencies concerning imported and exported goods under the Customs Act, 1962. Effective from November 3, 2017, the new rates replace those set on October 18, 2017. The rates are detailed in two schedules, listing the conversion rates for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. These rates will be used for calculating duties on imported and exported goods in India.