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Notification no. 30/2003, dated 25 May 2003

25th April, 2003

Notification No. 30/2003 - 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 supercession of the notification of the Government of India in the Ministry of Finance & Company Affairs (Department of Revenue) No.24/2003-NT-Customs, dated the 26th March, 2003 [S.O.324(E) dated  the 26th March, 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 1stMay, 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.Australian Dollar29.45
2.Canadian Dollar32.70
3.Danish Kroner7.05
5.Hong Kong Dollar6.10
6.Norwegian Kroner6.65
7.Pound Sterling75.50
8.Swedish Kroner5.70
9.Swiss Franc34.60
10.Singapore Dollar26.70
11.US Dollar47.50

  Schedule - II

S.No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees


Japanese Yen


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


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