<h1>New Exchange Rates for Foreign Currencies Announced by CBIC, Effective November 19, 2021, Under Customs Act, 1962.</h1> The Central Board of Indirect Taxes and Customs has issued Exchange Rate Notification No. 92/2021, superseding Notification No. 90/2021. Effective from November 19, 2021, the notification sets the exchange rates for converting specified foreign currencies into Indian rupees for import and export purposes under the Customs Act, 1962. The rates for various currencies, including the US Dollar, Euro, and Japanese Yen, are provided in two schedules, detailing the rates for both imported and exported goods. This adjustment aims to standardize the conversion rates for customs valuation in India.