Exchange Rate - Prescribes rate of exchange of conversion for exported goods w.e.f. 1st August 2005.

Document Text

26th July, 2005 Notification No. 68/2005-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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.52/2005-NT- Customs, dated the 27th June, 2005 [S.O.888(E), dated the 27th June, 2005], 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 August, 2005, be the rate mentioned against it in the corresponding entry in column (3) thereof. Schedule I S.No. Foreign Currency (1) (2) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Australian Dollar Canadian Dollar Danish Kroner EURO Hong Kong Dollar Norwegian Kroner Pound Sterling Swedish Kroner Swiss Franc Singapore Dollar US Dollar Rate of exchange of one unit of foreign currency equivalent to Indian rupees (3) 32.95 35.55 7.00 52.15 5.55 6.55 75.20 5.50 33.35 26.10 43.35 Schedule II S.No. Foreign Currency Rate of exchange of 100 units of to foreign currency equivalent Indian rupees (1) (2) (3) 1. Japanese Yen 38.75 F.No.468/11/2005-Cus.V S.P. RAO Under Secretary to the Government of India

HS Codes Referenced

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