Exchange rate determination: revised customs currency conversion rates take effect and govern valuation of imported goods. Under section 14(3)(a)(i) of the Customs Act, 1962, the Board determines that the rate of exchange for each foreign currency listed in Schedule I and Schedule II shall, with effect from the 1st February, 2005, be the rate specified against it in column (3) of the respective schedule, and this notification supersedes the earlier notification referenced in the text.