<h1>New Exchange Rates for Foreign Currencies in Customs Transactions Announced by CBIC, Effective February 21, 2020.</h1> The Central Board of Indirect Taxes and Customs has issued Notification No. 15/2020, updating the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes, effective from February 21, 2020. This supersedes the previous notification No. 11/2020. The updated exchange rates are provided for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. For instance, the exchange rate for the US Dollar is set at 72.65 INR for imports and 70.95 INR for exports. These rates are crucial for determining the value of goods in customs transactions.