Rate of exchange determination prescribes specified currency conversion rates for import and export purposes, effective from early October. The Central Board of Indirect Taxes and Customs, exercising powers under the Customs Act, prescribes specific rates of exchange for listed foreign currencies into Indian rupees for import and export purposes, effective 6th October, 2023, superseding an earlier notification. The rates are set out in Schedule I (per unit rates for multiple currencies with separate imported and export columns) and Schedule II (rates per 100 units for designated currencies), and apply for the purposes of the Customs Act subject to a saving for prior actions.