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

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

28th May, 2002

Notification No. 32/2002-Customs (N.T.)

In exercise of the powers conferred by sub-clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in partial supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.23/2002-NT-Customs, dated the 24th April, 2002 [S.O.461(E) dated the 24th April, 2002], the Central Board of Excise and Customs 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 Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st June, 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

27.15

2.

Canadian Dollar

31.80

3.

Danish Kroner

6.05

4.

EURO

44.90

5.

Hong Kong Dollar

6.25

6.

Norwegian Kroner

6.05

7.

Pound Sterling

71.10

8.

Swedish Kroner

4.90

9.

Swiss Franc

30.85

10.

Singapore Dollar

27.10

11.

US Dollar

48.80

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

39.05

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

F.No.468/13/2002-Cus.V

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