In exercise of the powers conferred by sub clause (a) of sub-section (3) of section 14 of the 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.23/2000-NT- Customs, [S.O. 287(E)] dated the 28th March, 2000 the Central Government, here by 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 ScheduleI and Schedule II appended hereto into Indian Currency or vice versa shall, with effect fromthe 1st May, 2000 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. Austrian Schilling 2.95 2. Australian Dollar 25.75 3. Canadian Dollar 29.50 4. Danish Kroner 5.45 5. Deutsche Mark 20.85 6. Dutch Guilder 18.50 7. EURO 40.80 8. French Francs 6.20 9. Hong Kong Dollar 5.60 10. Norwegian Kroner 5.00 11. Pound Sterling 63.55 12. Swedish Kroner 4.95 13. Swiss Franc 25.95 14. Singapore Dollar 25.60 15 US Dollar 43.50

SCHEDULE - II

S.No. Foreign Currency Rate of exchange of 100 unit of foreign currency equivalent to Indian rupees

(1) (2) (3)

1. Belgian Francs 101.15 2. Italian Lira 2.10 3. Japanese Yen 41.10

Sd/- (Rajendra Singh) Under Secretary to the Government of India