Exchange Rate - Superseds notification No.104/2003-Cus (NT) dated the 24th November, 2003.

Document Text

26th December, 2003 Notification No. 115/2003 - Customs (N.T.) in 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 the Ministry of Finance (Department of Revenue) India the 24th November, 2003 No.104/2003-NT-Customs, dated [S.O.1351(E), dated the 24th November, 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 January, 2004, be the rate mentioned against it in the corresponding entry in column (3) thereof. Schedule - I S.No. Foreign Currency Rate of exchange of one unit currency of equivalent to Indian rupees foreign (1) (2) (3) 1. 2. 3. 4. 5. 6. 7. 8. 9. Australian Dollar 33.55 Canadian Dollar 34.35 Danish Kroner EURO 7.55 56.25 Hong Kong Dollar 5.85 Norwegian Kroner 6.70 Pound Sterling 80.05 Swedish Kroner 6.20 Swiss Franc 36.10 10. 11. Singapore Dollar 26.55 US Dollar 45.40 Schedule - II S.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees (1) (2) (3) 1. Japanese Yen 42.25 N.J. Kumaresh Under Secretary to the Government of India F.No.468/15/2003-Cus.V

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