25th June, 2003
Notification No. 40/2003 - 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.35/2003-NT-Customs, dated the 27th May, 2003 [S.O.603(E) dated the 27thMay, 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 July, 2003, 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 | 31.20 |
| 2. | Canadian Dollar | 34.55 |
| 3. | Danish Kroner | 7.30 |
| 4. | EURO | 54.25 |
| 5. | Hong Kong Dollar | 6.00 |
| 6. | Norwegian Kroner | 6.65 |
| 7. | Pound Sterling | 78.30 |
| 8. | Swedish Kroner | 5.95 |
| 9. | Swiss Franc | 35.45 |
| 10. | Singapore Dollar | 26.95 |
| 11. | US Dollar | 46.90 |
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 | 39.85 |
Anoop Swarup
Director (ICD)
F.No.468/8/2003-Cus.V
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