Notification no. 80/2003, dated 25 Sept 2003

25th September, 2003

Notification No. 80/2003 - 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.67/2003-NT-Customs, dated the 26th August, 2003 [S.O.969(E) dated  the 26thAugust, 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 October, 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 Dollar31.05
2.Canadian Dollar33.90
3.Danish Kroner7.10
4.EURO52.75
5.Hong Kong Dollar5.95
6.Norwegian Kroner6.55
7.Pound Sterling76.00
8.Swedish Kroner5.90
9.Swiss Franc33.90
10.Singapore Dollar26.50
11.US Dollar46.00

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

41.05

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

F.No.468/11/2003-Cus.V

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