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

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

26th August, 2003

Notification No. 68/2003-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.59/2003-NT-Customs, dated the 28th July, 2003 [S.O.863(E), dated  the 28th July, 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 September, 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 29.70
2. Canadian Dollar 32.65
3. Danish Kroner 6.65
4. EURO 49.55
5. Hong Kong Dollar 5.85
6. Norwegian Kroner 5.95
7. Pound Sterling 71.75
8. Swedish Kroner 5.35
9. Swiss Franc 32.15
10. Singapore Dollar 26.15
11. US Dollar 45.65

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

38.85

Anoop Swarup
Director (ICD)

F.No.468/10/2003-Cus.V

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