<h1>Exchange Rate Notification No.46/2020: New Currency Conversion Rates for Imports/Exports Effective May 22, 2020, Under Customs Act 1962.</h1> The Central Board of Indirect Taxes and Customs has issued Exchange Rate Notification No.46/2020 under the Customs Act, 1962, superseding Notification No.41/2020. Effective from May 22, 2020, this notification sets the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes. The rates are detailed for various currencies, including the US Dollar, Euro, and Japanese Yen, among others, with distinct rates specified for imported and exported goods. This adjustment aims to facilitate accurate currency conversion in customs transactions.