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Customs Notification (NT)  No- 115/2003 dated 26.12.2003
Exchange Rate effective from 1st January, 2004 Relates to export goods

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the 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.104/2003-NT-Customs, dated the 24th November, 2003 [S.O.1351(E), dated the 24th November, 2003], the Board hereby determines for the purposes of said section relating to export 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 33.55
2. Canadian Dollar 34.35
3. Danish Kroner 7.55
4. EURO 56.25
5. Hong Kong Dollar 5.85
6. Norwegian Kroner 6.70
7. Pound Sterling 80.05
8. Swedish Kroner 6.20
9. Swiss Franc 36.10
10. Singapore Dollar 26.55
11. US Dollar 45.40

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 42.25



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

Sd/-
(N.J. Kumaresh)
Under Secretary to the Government of India