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of <h1>New Foreign Exchange Rates for Currency Conversion in India Effective January 1, 2010, Under Customs Act 1962</h1> The notification issued by the Central Board of Excise and Customs, dated December 29, 2009, under the Customs Act, 1962, establishes the foreign exchange rates for converting specified foreign currencies into Indian rupees for import and export transactions. Effective January 1, 2010, the rates are detailed in two schedules: Schedule I lists rates for individual units of currencies like the Australian Dollar, Canadian Dollar, Euro, and US Dollar, among others, while Schedule II provides the rate for 100 units of Japanese Yen. This notification supersedes the previous notification dated November 26, 2009.
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