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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

28th July, 2003

Notification No. 58/2003-Customs(N.T.)

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of 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.40/2003-NT-Customs, dated the 25th June, 2003 [S.O.729(E) dated  the 25th June, 2003], 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 August, 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 30.75
2. Canadian Dollar 33.25
3. Danish Kroner 7.15
4. EURO 53.20
5. Hong Kong Dollar 5.95
6. Norwegian Kroner 6.45
7. Pound Sterling 74.85
8. Swedish Kroner 5.80
9. Swiss Franc 34.40
10. Singapore Dollar 26.55
11. US Dollar 46.35

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

38.90

N.J. Kumaresh
Under Secretary to the Government of India

F.No.468/9/2003-Cus.V

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