[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (I)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

26th July, 2002

Notification No. 48/2002-Customs (N.T.)

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 supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.39/2002-NT-Customs, dated the 26th June, 2002 [S.O.669(E) dated the 26th June, 2002], 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, 2002, 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

26.60

2.

Canadian Dollar

31.25

3.

Danish Kroner

6.55

4.

EURO

48.90

Online GST Certification Course by TaxGuru & MSME- Click here to Join

5.

Hong Kong Dollar

6.25

6.

Norwegian Kroner

6.40

7.

Pound Sterling

77.10

8.

Swedish Kroner

5.15

9.

Swiss Franc

33.70

10.

Singapore Dollar

28.10

11.

US Dollar

48.85

 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

42.00

 F.No.468/16/2002-Cus.V

Sd/-

N.J. Kumaresh

Under Secretary to the Government of India

More Under Custom Duty

Posted Under

Category : Custom Duty (6632)

Leave a Reply

Your email address will not be published. Required fields are marked *