<h1>New Exchange Rates Set for Foreign Currencies in Import/Export Under Customs Act 1962, Effective September 21, 2018.</h1> The Central Board of Indirect Taxes and Customs has issued a notification under the Customs Act, 1962, establishing new exchange rates for foreign currencies related to imported and exported goods, effective from September 21, 2018. This supersedes a previous notification dated September 6, 2018. The rates for various currencies, such as the US Dollar, Euro, and Japanese Yen, are specified for both import and export transactions. For instance, the exchange rate for the US Dollar is set at 73.65 INR for imports and 71.95 INR for exports, while the Japanese Yen is valued at 66.00 INR for imports and 63.60 INR for exports.