<h1>New Foreign Exchange Rates for Imports/Exports Effective January 4, 2019 Under Customs Act, 1962.</h1> The Central Board of Indirect Taxes and Customs has announced new exchange rates for foreign currencies related to imported and exported goods, effective from January 4, 2019. This update supersedes the previous notification dated December 20, 2018. The rates are specified for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. These rates are applicable for conversion into Indian currency for customs purposes under the Customs Act, 1962. For instance, the exchange rate for the US Dollar is set at 71.25 INR for imports and 69.55 INR for exports.