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26
th
December, 2003
Notification No. 114/2003 - Customs (N.T.)
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of 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.103/2003-NT-Customs, dated the 24
th
November, 2003 [S.O.1350(E) dated the 24
th
November, 2003], the Board hereby
determines for the purposes of said section, relating to imported 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
January, 2004, 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 Dollar33.85
2.Canadian Dollar34.65
3.Danish Kroner7.65
4.EURO 56.85
5.Hong Kong Dollar5.90
6.Norwegian Kroner6.80
7.Pound Sterling80.80
8.Swedish Kroner6.30
9.Swiss Franc 36.45
10.Singapore Dollar26.80
11.US Dollar 45.75
Schedule - II
S. No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)(2) (3)
1.Japanese Yen42.65
N.J. Kumaresh
Under Secretary to the Government of India
F.No.468/15/2003-Cus.V
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