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Date: 26-10-2006
Notification No: CUSTOMS Notification No 110/2006 (NT)
Issuing Authority: Indian Customs  
Type: Non Tariff
File No: F.No.468/14/2006-Cus.V
Subject: The rate of exchange of conversion for imported goods w.e.f. 01.11.2006



S.O. (E)  In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.106/2006-NT-Customs, dated the 26th September, 2006 [S.O.1606(E) dated the 26th September, 2006], the Board hereby determines for the purposes of said section, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st November, 2006, be the rate mentioned against it in the corresponding entry in column (3) thereof.

SCHEDULE-I

S.No.

Foreign Currency

Rate of exchange of one unit of foreign currency equivalent to Indian rupees

(1)

(2)

(3)

1.

Australian Dollar

34.85

2.

Canadian Dollar

40.65

3.

Danish Kroner

7.75

4.

EURO

57.70

5.

Hong Kong Dollar

5.85

6.

Norwegian Kroner

6.95

7.

Pound Sterling

85.80

8.

Swedish Kroner

6.25

9.

Swiss Franc

36.20

10.

Singapore Dollar

29.10

11.

US Dollar

45.55

SCHEDULE-II

S.No.

Foreign Currency

Rate of exchange of 100 units of foreign currency
equivalent to Indian rupees

(1)

(2)

(3)

1.

Japanese Yen

38.40

       

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