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

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

25th October, 2001

Notification No. 56/2001-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 supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.45/2001-NT-Customs, [S.O.942(E)] dated the 25th September, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st November, 2001 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 Rupee

(1)

(2)

(3)

1.

Austrian Schilling

3.10

2.

Australian Dollar

24.35

3.

Canadian Dollar

30.30

4.

Danish Kroner

5.75

5.

Deutsche Mark

21.80

6.

Dutch Guilder

19.35

7.

EURO

42.60

8.

French Francs

6.50

9.

Hong Kong Dollar

6.15

10.

Norwegian Kroner

5.35

11.

Pound Sterling

68.15

12.

Swedish Kroner

4.50

13.

Swiss Franc

28.80

14.

Singapore Dollar

26.20

15.

US Dollar

47.85

Schedule – II

Sr.No.

Foreign Currency

Rate of exchange of 100 units of foreign currency equivalent to Indian rupees

1.

Belgian Francs

105.65

2.

Italian Lira

2.20

3.

Japanese Yen

39.05

Rajendra Singh
Under Secretary to the Government of India

F.No.468/13/2001-Cus.V

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