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<h1>New Currency Exchange Rates for Imports and Exports Announced by CBIC, Effective September 18, 2020.</h1> Notification No. 88/2020 issued by the Central Board of Indirect Taxes and Customs, dated 17th September 2020, determines the exchange rates for converting foreign currencies into Indian rupees for imported and exported goods, effective from 18th September 2020. This supersedes the previous Notification No. 84/2020. The rates are specified for various currencies, including the US Dollar, Euro, Pound Sterling, and others, with distinct rates for imports and exports. The notification includes detailed schedules listing the exchange rates for each currency, applicable to one unit or 100 units, depending on the currency.