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Notification no. 114/2003, dated 26 Dec 2003

26th 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 24th November, 2003 [S.O.1350(E) dated  the 24th 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 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 of foreign currency equivalent to Indian rupees

(1)(2)(3)
1.

Australian Dollar

33.85
2.

Canadian Dollar

34.65
3.

Danish Kroner

7.65
4.

EURO

56.85
5.Hong Kong Dollar5.90
6.Norwegian Kroner6.80
7.Pound Sterling80.80
8.Swedish Kroner6.30
9.Swiss Franc36.45
10.Singapore Dollar26.80
11.US Dollar45.75

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

42.65

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

F.No.468/15/2003-Cus.V

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