Exchange rate fixation updated for Pound Sterling, altering import and export valuation under customs notification effective October. The Central Board of Indirect Taxes and Customs, exercising powers under section 14 of the Customs Act, 1962, substitutes the Schedule I entry for Pound Sterling in Notification No.78/2022-CUSTOMS (N.T.), fixing distinct rates of exchange for determination of customs value for imported and exported goods; the amendment takes effect from 1 October 2022.