<h1>New Customs Tariff Notification Sets Exchange Rates for Foreign Currencies Under Customs Act, 1962, Effective January 8, 2021.</h1> The Central Board of Indirect Taxes and Customs has issued a new tariff notification under the Customs Act, 1962, effective January 8, 2021. This notification supersedes the previous one dated December 17, 2020, and establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods. The rates for various currencies, such as the US Dollar, Euro, and others, are detailed in the notification, impacting how these currencies are valued in relation to Indian currency for customs purposes.