Exchange rate amendment for Turkish Lira updates customs valuation rules, altering import and export conversion rates. The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, 1962, substitutes serial No.18 in Schedule I of Notification No.51/2022 CUSTOMS (N.T.) to prescribe the rate of exchange of one unit of Turkish Lira equivalent to Indian rupees for imported goods and for exported goods, with the substitution taking effect from 29th June, 2022.