Exchange rate determination sets official currency conversion rates for customs valuation of imported and export goods effective early November. The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, supersedes Notification No. 90/2022 and, with effect from 4th November, 2022, determines specified conversion rates of listed foreign currencies into Indian rupees for valuation of imported and export goods as set out in Schedule I (per unit) and Schedule II (per 100 units), with a later substitution to the Korean Won entry noted.