Customs exchange rates updated for foreign currencies, setting import and export conversion rates effective mid-May 2014. The Central Board of Excise and Customs determines the rate of exchange for specified foreign currencies into Indian rupees and vice versa for the purpose of assessing imported and export goods, effective 16th May, 2014, superseding the earlier notification of 1st May, 2014. Two schedules annexed set separate conversion rates: Schedule I for per unit currency rates with distinct import and export columns, and Schedule II for rates per one hundred units with separate import and export columns.