CUS NTF NO.31/2003 (NT) DATE 25/04/2003

Exchange Rate effective from 1st May, 2003 Relates to export goods
S.O. (E) ? 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 & Company Affairs (Department of Revenue) No.25/2003-NT-Customs, dated the 26th March, 2003 [S.O.325(E), dated the 26th March, 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 May, 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	29.15
2.	Canadian Dollar	32.40
3.	Danish Kroner	6.95
4.	EURO	51.65
5.	Hong Kong Dollar	6.05
6.	Norwegian Kroner	6.60
7.	Pound Sterling	74.80
8.	Swedish Kroner	5.65
9.	Swiss Franc	34.30
10.	Singapore Dollar	26.50
11.	US Dollar	47.15

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	39.10

F.No.468/6/2003-Cus.V

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

(Last amended vide CUS NTF NO.36/2003 (NT) DATE 27/05/2003)

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