<h1>New Exchange Rates for Import/Export Goods Set by CBIC, Effective April 20, 2018, Under Customs Act, 1962.</h1> The Central Board of Indirect Taxes and Customs has announced new exchange rates for foreign currencies concerning imported and exported goods, effective from April 20, 2018. This update supersedes the previous notification issued on April 5, 2018. The rates are specified for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. For instance, the rate for the US Dollar is set at 66.70 for imports and 65.00 for exports. These rates are determined under the authority of the Customs Act, 1962, to facilitate the conversion of foreign currencies into Indian rupees for trade purposes.