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

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

24th November, 2003

Notification No. 103/2003-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.90/2003-NT-Customs, dated the 28th October, 2003 [S.O.1238(E) dated  the 28th October, 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 December, 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

33.25

2.

Canadian Dollar

35.30

3.

Danish Kroner

7.35

4.

EURO

54.80

5.

Hong Kong Dollar

5.95

6.

Norwegian Kroner

6.70

7.

Pound Sterling

78.35

8.

Swedish Kroner

6.10

9.

Swiss Franc

35.45

10.

Singapore Dollar

26.75

11.

US Dollar

46.00

 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

42.20

 F.No.468/14/2003-Cus.V

 N.J. Kumaresh

Under Secretary to the Government of India

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