CUS NTF NO. 40/2003 (NT) DATE 25/06/2003

Exchange Rate effective from 1st July, 2003 Relates to imported goods
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of 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.35/2003-NT-Customs, dated the 27th May, 2003 [S.O.603(E) dated the 27th May, 2003], the Board hereby determines for the purposes of said section, relating to imported 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, 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	31.20
2.	Canadian Dollar	34.55
3.	Danish Kroner	7.30
4.	EURO	54.25
5.	Hong Kong Dollar	6.00
6.	Norwegian Kroner	6.30
(S.No.6 has been substituted from 24th July, 2003 vide CUS NTF NO.55/2003 (NT) DATE 24/07/2003)
[OLD 6.	Norwegian Kroner	6.65]
7.	Pound Sterling	78.30
8.	Swedish Kroner	5.95
9.	Swiss Franc	35.45
10.	Singapore Dollar	26.95
11.	US Dollar	46.90

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	39.85

F.No.468/8/2003-Cus.V

(ANOOP SWARUP)
DIRECTOR (ICD)

(Last amended vide CUS NTF NO. 58/2003 (NT) DATE 28/07/2003)

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