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25
th
April, 2003
Notification No. 31/2003 - 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 supercession of the notification of the Government of India in the Ministry of Finance & Company Affairs
(Department of Revenue) No.25/2003-NT-Customs, dated the 26
th
March, 2003 [S.O.325(E), dated the 26
th
March , 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 1
st
May, 2003, be the rate mentioned against it in the corresponding entry in
column (3) thereof.
Schedule - I
S.No.Foreign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)(2) (3)
1.Australian Dollar29.15
2.Canadian Dollar32.40
3.Danish Kroner6.95
4.EURO 51.65
5.Hong Kong Dollar6.05
6.Norwegian Kroner6.60
7.Pound Sterling74.80
8.Swedish Kroner5.65
9.Swiss Franc 34.30
10.Singapore Dollar26.50
11.US Dollar 47.15
Schedule - II
S.No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)(2) (3)
1.Japanese Yen 39.10
N.J. Kumaresh
Under Secretary to the Government of India
F.No.468/6/2003-Cus.V
notifications no 31 2003 customs n t | iKargos
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