<h1>New Exchange Rates for Currency Conversion in Imports/Exports Announced Under Customs Act, 1962, Effective March 16, 2018.</h1> The Central Board of Excise and Customs has issued a new notification under the Customs Act, 1962, determining the exchange rates for converting various foreign currencies into Indian rupees for import and export purposes. Effective from March 16, 2018, these rates replace those in the previous notification. The exchange rates are specified for currencies such as the US Dollar, Euro, Pound Sterling, and others, with distinct rates for imported and exported goods. For instance, the US Dollar is set at 65.80 for imports and 64.15 for exports, while the Euro is at 81.75 for imports and 79.05 for exports.