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

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

26th October, 2004 

Notification No. 124/2004-Customs (N.T.)

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                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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.110/2004-NT-Customs, dated the 27th September, 2004 [S.O.1052(E), dated  the 27th September, 2004], 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 November, 2004, 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 34.05
2. Canadian Dollar 37.25
3. Danish Kroner 7.85
4. EURO 58.30
5. Hong Kong Dollar 5.85
6. Norwegian Kroner 7.10
7. Pound Sterling 83.80
8. Swedish Kroner 6.45
9. Swiss Franc 38.05
10. Singapore Dollar 27.35
11. US Dollar 45.45

Schedule – II

S.No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)     (2) (3)
1. Japanese Yen 42.65

F.No.468/14/2004-Cus.V

 S.P. RAO

Under Secretary to the Government of India

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