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<h1>Exchange Rates for Foreign Currencies to Indian Rupees Set for Customs by Notification No. 85/2018, Effective October 5, 2018.</h1> Notification No. 85/2018 issued by the Central Board of Indirect Taxes and Customs, effective from October 5, 2018, establishes the exchange rates for converting specified foreign currencies into Indian Rupees for customs purposes, as per Section 14 of the Customs Act, 1962. This notification supersedes the previous Notification No. 81/2018. The rates apply to both imported and exported goods, with detailed conversion rates provided for currencies such as the US Dollar, Euro, and Japanese Yen, among others, in two schedules. The notification was later superseded by Notification No. 87/2018 on October 18, 2018.