Notification no. 31/2002, Dated 28 May 2002

28th May, 2002

Notification No.31/2002-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 partial supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.22/2002-NT-Customs, dated the 24th April, 2002 [S.O.460(E) dated the 24th April, 2002] in so far as the said notification relates to powers exercised under the provision of the said Customs Act, the Central Board of Excise and Customs hereby determines for the purposes of section 14 of the said Customs Act, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of Schedule I and Schedule II appended hereto into Indian currency or vice-versa shall, with effect from the 1st June, 2002 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 of foreign currency equivalent to Indian rupees

(1)

(2)

(3)

1.

Australian Dollar

27.40

2.

Canadian Dollar

32.05

3.

Danish Kroner

6.10

4.

EURO

45.35

5.

Hong Kong Dollar

6.30

6.

Norwegian Kroner

6.10

7.

Pound Sterling

71.75

8.

Swedish Kroner

4.95

9.

Swiss Franc

31.15

10.

Singapore Dollar

27.35

11.

US Dollar

49.15

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

39.40

N.J. Kumresh
Under Secretary to the Government of India

F.No.468/13/2002-Cus.V

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