CUSTOMS NOTIFICATION No. 38/2000-N.T.Dated 26th May, 2000

In exercise of the powers conferred by sub-clause (a) of sub-section (3) of section 14 of the Customs Act 1962 2 of 1962) and in supersession of the Notification of the Government of India in the Ministry of Finance epartment of Revenue) No. 25/2000-NT-Customs, [S.O. 407(E)] dated the 25h April, 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 June, 2000 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 			2.88 	2. 		Austrian Dollar 		 	25.10 	3. 		Canadian Dollar 		 	29.05 	4. 		Danish Kroner 			5.35 	5. 		Deutsche Mark 		 	20.30 	6. 		Dutch Guilder 		 	18.00 	7. 		EURO 				39.70 	8. 		Frech Francs 			6.05 	9. 		Hong Kong Dollar 			5.65 	10. 		Norwegian Kroner 			4.80 	11. 		Pound Sterling 		 	64.80 	12. 		Swedish Kroner 			4.80 	13. 		Swiss Franc 		 	25.50 	14. 		Singapore Dollar 		 	25.30 	15. 		U.S. Dollar 		 	43.95 	__________________________________________________________________________					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 				98.40 	2. 		Italian Lira					 2.05 	3. 		Japanese Yen 				40.80 	____________________________________________________________________________________(Rajendra Singh) 
Under Secretary to the Governmnent of India