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Notification No. 3/2001-NT-Customs dt. the 25th January, 2001
New Exchange Rate (Effective 1/2/2001) of Indian rupee vis-a-vis specified currencies for Export Goods

S.O. (E) - In exercise of the powers conferred by sub-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. 78/2000-NT-Customs, [S.O. 1141(E)] dated the 22nd December 2000 the Central Government, hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversation of each of the foreign currency specified in the column (2) of Schedule-I and Schedule-II appended hereto into Indian currency or vice-versa shall, with effect from the 1st February, 2001 be the rate mentioned against it in the corresponding entry in column (3) thereof.

Schedule-I

Sl.            Foreign                                                                             Rate of exchange of one unit of foreign
No.         Currency                                                                             currency equivalent to Indian rupees

(1)                 (2)                                                                                                                   (3)

1.         Austrian Schilling................................................................................................. 3.13

2.         Australian Dollar................................................................................................ 25.55

3.         Canadian Dollar................................................................................................ 30.60

4.         Danish Kroner...................................................................................................... 5.80

5.         Deutsche Mark................................................................................................... 22.05

6.         Dutch Guilder..................................................................................................... 19.60

7.         EURO................................................................................................................... 43.15

8.         French Francs...................................................................................................... 6.60

9.         Hong Kong Dollar................................................................................................ 5.90

10.      Norwegian Kroner............................................................................................... 5.25

11.      Pound Sterling .................................................................................................. 67.80

12.      Swedish Kroner................................................................................................... 4.85

13.      Swiss Franc........................................................................................................ 28.20

14.      Singapore Dollar............................................................................................... 26.55

15.      U.S. Dollar .......................................................................................................... 46.20

Schedule-II

SI.            Foreign                                                                            Rate of exchange of 100 units of foreign
No.         Currency                                                                             currency equivalent to Indian rupees

(1)                 (2)                                                                                                                   (3)

1.         Belgian Francs................................................................................................ 107.00

2.         Italian Lira.............................................................................................................. 2.20

3.         Japanese Yen.................................................................................................... 39.50

Sd/-        
(Rajendra Singh)
Under Secretary to the Govt. of India