<h1>Customs exchange rates updated for import and export valuation, effective mid May, setting specified currency conversion rates.</h1> The Central Board of Indirect Taxes and Customs determines the rate of exchange for specified foreign currencies for customs purposes, effective 17th May, 2024, superseding the prior notification except as to past actions. Rates are provided in Schedule I as rupee equivalents per one unit for listed currencies with separate entries for imported and export goods, and in Schedule II as rupee equivalents per one hundred units for currencies quoted on that basis.