Exchange rate determination: notified rates effective 7 May 2021 for customs valuation of imports and exports. Under Section 14 of the Customs Act, 1962, the Board prescribes rupee conversion rates for specified foreign currencies for customs valuation of imports and exports, effective 7 May 2021, superseding the prior notification and preserving prior actions; two schedules set distinct imported- and exported-goods rates, including rates per one unit for most currencies and per 100 units for certain currencies.