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

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

26th March, 2003

Notification No. 25/2003-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.17/2003-NT-Customs, dated the 25th February, 2003 [S.O.225(E), dated the 25th February, 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 April, 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

28.25

2.

Canadian Dollar

32.10

3.

Danish Kroner

6.80

4.

EURO

50.65

5.

Hong Kong Dollar

6.10

6.

Norwegian Kroner

6.45

7.

Pound Sterling

74.95

8.

Swedish Kroner

5.50

9.

Swiss Franc

34.40

10.

Singapore Dollar

26.95

11.

US Dollar

47.50

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

39.55

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

F.No.468/5/2003-Cus.V

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