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<h1>Exchange rate determination under Customs Act fixes specified import and export currency conversion rates effective early June.</h1> The Central Board of Indirect Taxes and Customs prescribes distinct conversion rates for specified foreign currencies into Indian rupees for imported and export goods, annexed as Schedule I (per unit) and Schedule II (per 100 units), superseding the prior notification except for prior actions, and declares the rates to operate from the stated effective date for customs valuation purposes.