CUS NTF NO. 03/2001(NT) DATE 25/01/2001

New Exchange Rate (Effective 1/2/2001) of Indian rupee for Export Goods

S.O. (E) - 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. 78/2000-NT-Customs, [S.O. 1141(E)] dated the 22nd December 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 February, 2001 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........................... 3.13 

2.         Australian Dollar........................... 25.55 

3.         Canadian Dollar............................. 30.60 

4.         Danish Kroner................................ 5.80 

5.         Deutsche Mark............................... 22.05 

6.         Dutch Guilder............................... 19.60 

7.         EURO........................................ 43.15 

8.         French Francs................................ 6.60 

9.         Hong Kong Dollar............................. 5.90 

10.        Norwegian Kroner............................. 5.25 

11.        Pound Sterling ............................. 67.80 

12.        Swedish Kroner............................... 4.85 

13.        Swiss Franc................................. 28.20 

14.        Singapore Dollar............................ 26.55 

15.        U.S. Dollar ................................ 46.20 

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............................. 107.00 

2.         Italian Lira................................. 2.20 

3.         Japanese Yen.................................39.50

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

Customs Exchange rates for exported Goods with effect from the 1st March, 2001 vide Cus Ntf.No.5/2001(NT) dt.23/02/2001)

Presented by eximkey.com