In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962),
and in supersession of the Notification No.40/2022-Customs(N.T.), dated 5
th May, 2022 except as
respects things done or omitted to be done before such supersession, the Central Board of Indirect
Taxes and Customs hereby determines that the rate of exchange of conversion of each of the
foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto,
into Indian currency or vice versa, shall, with effect from 20th May, 2022, be the rate mentioned
against it in the corresponding entry in column (3) thereof, for the purpose of the said section,
relating to imported and export goods.