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<h1>Exchange rate determination: prescribed currency conversion rates set for import and export goods, effective from early September.</h1> Determination of exchange rates for conversion of specified foreign currencies into Indian rupees for customs valuation of imported and export goods, effective from 5th September, 2014. The Central Board of Excise and Customs prescribes distinct rates for imported and export goods in two annexed schedules-Schedule I (per one unit) and Schedule II (per one hundred units)-and supersedes the prior exchange rate notification for future transactions.