CUS NTF NO. 10/2003 (NT) DATE 28/01/2003

Exchange Rate effective from 1st February, 2003 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 & Company Affairs (Department of Revenue) No.82/2002-NT-Customs, dated the 26th December, 2002 [S.O.1368(E), dated the 26th December, 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 February, 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	28.30
2.	Canadian Dollar	31.40
3.	Danish Kroner	6.95
4.	EURO	51.65
5.	Hong Kong Dollar	6.10
6.	Norwegian Kroner	6.90
7.	Pound Sterling	77.90
8.	Swedish Kroner	5.60
9.	Swiss Franc	35.20
10.	Singapore Dollar	27.60
11.	US Dollar	47.70

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	40.45

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

F.No.468/2/2003-Cus.V

(Last amended vide CUS NTF NO. 17/2003 (NT) DATE 25/02/2003)

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