Customs valuation and exchange rate rules were aligned for imported goods under the amended customs law. Amends the Customs Act, 1962 by making imported goods valuation under section 14 depend on the exchange rate in force on the relevant date under section 15. It also expands section 15 to include the rate of exchange, defines that term by reference to the Central Government's conversion rate, adopts currency meanings from the Foreign Exchange Regulation Act, 1947, and saves actions taken under the repealed Ordinance as if done under the Act from 6 June 1966.