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Customs - Notifications (Non-Tariff)26.12.2007

Exchange Rate - Prescribes rate of exchange of conversion for import and export goods - Superseds Notification No.115/2007-Cus (NT) dated the 27th November, 2007.

Document Text

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 123/2007-Customs (N.T.) 26th December, 2007 5, PAUSA, 1929 (SAKA) S.O. (E). – In exercise of the powers conferred by 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.115/2007(N.T.) - Customs, dated the 27th November, 2007 vide number S.O. 1990(E), dated the 27th November, 2007, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines 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 annexed hereto into Indian currency or vice versa shall, with effect from 1st January, 2008 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods. SCHEDULE-I S. No. (1) Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian Rupees (2) (3) (a) (b) (For Goods) Imported 1. 2. Australian Dollar 34.70 Canadian Dollar 40.15 Export (For Goods) 34.00 39.50 3. Danish Kroner 7.70 4. 5. 6. 7. 8. 9. EURO 57.25 Hong Kong Dollar 5.10 Norwegian Kroner 7.15 Pound Sterling 78.95 Swedish Kroner 6.05 Swiss Franc 34.50 10. Singapore Dollar 27.45 11. US Dollar 39.75 SCHEDULE-II 7.55 56.35 5.05 7.00 77.75 5.95 33.95 26.95 39.30 S. No. (1) Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian Rupees (2) (3) (a) (b) (For Imported Goods) (For Export 1. Japanese Yen 34.95 Goods) 34.35 [F.No.468/15/2007-Cus.V] (ASEEM KUMAR) Under Secretary to the Government of India

Source: Government of India — Customs - Notifications (Non-Tariff), dated 26.12.2007. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.

HS Codes Referenced

19291962199020072008

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