PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (I)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
25th April, 2003
Notification No. 31/2003-Customs(N.T.)
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.25/2003-NT-Customs, dated the 26th March, 2003 [S.O.325(E), dated the 26th March, 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 May, 2003, be the rate mentioned against it in the corresponding entry in column (3) thereof.
Schedule – I
| Sr.No. | Foreign Currency | Rate of exchange of one unit of foreign currency equivalent to Indian rupees |
| (1) | (2) | (3) |
| 1. | Australian Dollar | 29.15 |
| 2. | Canadian Dollar | 32.40 |
| 3. | Danish Kroner | 6.95 |
| 4. | EURO | 51.65 |
| 5. | Hong Kong Dollar | 6.05 |
| 6. | Norwegian Kroner | 6.60 |
| 7. | Pound Sterling | 74.80 |
| 8. | Swedish Kroner | 5.65 |
| 9. | Swiss Franc | 34.30 |
| 10. | Singapore Dollar | 26.50 |
| 11. | US Dollar | 47.15 |
Schedule – II
| Sr.No. | Foreign Currency | Rate of exchange of 100 units of foreign currency equivalent to Indian rupees |
| (1) | (2) | (3) |
|
1. |
Japanese Yen |
39.10 |
N.J. Kumaresh
Under Secretary to the Government of India
F.No.468/6/2003-Cus.V
