Cus Ntf NO.40/2002 (NT), Dt.26/06/2002

Exchange Rate effective from 1st July, 2002 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 supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.32/2002-NT-Customs, dated the 28th May, 2002 [S.O.575(E), dated the 28th May, 2002], 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 July, 2002, 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	27.95
2.	Canadian Dollar	32.05
3.	Danish Kroner	6.35
4.	EURO	47.25
5.	Hong Kong Dollar	6.25
6.	Norwegian Kroner	6.40
7.	Pound Sterling	72.95
8.	Swedish Kroner	5.25
9.	Swiss Franc	32.20
10.	Singapore Dollar	27.55
11.	US Dollar	48.75

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	39.95

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

F.No.468/14/2002-Cus.V

(Last amended vide CUS NTF NO.49/2002(NT) DATE 26/07/2002)

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