| Date: |
26-03-2003
|
| Notification No: |
CUSTOMS NOTIFICATION No 25/2003 (NT)
|
| Issuing Authority: |
Indian Customs
|
| Type: |
Non Tariff
|
| File No: |
|
| Subject: |
Exchange Rate Effective from 1st April 2003 Relates to Export Goods
|
|
Exchange Rate Effective from 1st April 2003 Relates to Export Goods
Customs
Notification No. 25 dated 26th March 2003 (NT)
In
exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section
(3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supercession of
the notification of the Government of India in the Ministry of Finance &
Company Affairs (Department of Revenue) No. 17/ 2003-NT-Customs, dated the 25th
February 2003 [S.O.225 (E), dated the 25th February 2003], the Board
hereby determines for the purposes of said section relating to export 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
April 2003, 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
|
28.25
|
|
2.
|
Canadian
Dollar
|
32.10
|
|
3.
|
Danish
Kroner
|
6.80
|
|
4.
|
EURO
|
50.65
|
|
5.
|
Hong
Kong Dollar
|
6.10
|
|
6.
|
Norwegian
Kroner
|
6.45
|
|
7.
|
Pound
Sterling
|
74.95
|
|
8.
|
Swedish
Kroner
|
5.50
|
|
9.
|
Swiss
Franc
|
34.40
|
|
10.
|
Singapore
Dollar
|
26.95
|
|
11.
|
US
Dollar
|
47.50
|
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
|
39.55
|
|
|
|