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of <h1>CBEC Notification 103/2017: New Exchange Rates for Currency Conversion under Customs Act, Effective November 3, 2017.</h1> Notification No. 103/2017 issued by the Central Board of Excise and Customs on November 2, 2017, under section 14 of the Customs Act, 1962, sets exchange rates for foreign currency conversion into Indian rupees for imported and exported goods, effective November 3, 2017. The notification supersedes the previous Notification No. 96/2017. It provides specific rates for various currencies, including the US Dollar, Euro, and Japanese Yen, among others. The rates are detailed in two schedules, with Schedule I covering single unit conversions and Schedule II covering 100-unit conversions. Subsequent notifications amended certain rates, such as the Qatari Riyal.
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