<h1>New Exchange Rates Announced Under Customs Act for Import and Export; Effective March 17, 2023, Notification No. 15/2023.</h1> The Central Board of Indirect Taxes and Customs has issued Exchange Rate Notification No. 15/2023 under the Customs Act, 1962, effective from March 17, 2023. This notification supersedes the previous Notification No. 12/2023 and sets the exchange rates for various foreign currencies against the Indian rupee for imported and exported goods. The rates are specified for currencies like the US Dollar, Euro, British Pound, and others, with separate rates for import and export transactions. For example, the US Dollar is set at 83.70 INR for imports and 81.95 INR for exports.