Cus Ntf No. 46/1999 (NT) Date 27th July, 1999

Foreign exchange rate of currency
In excercise of the powers conferred by sub claus (i) of 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 Flinance (Department of Revenue) No. 42/99-NT.-CUSTOMS, [S.O. 496(E)] dated the 25th June 1999, the Central Government, hereby determines for the purpose of said section in so far as these relate to export of goods, that the rate of exchange of conversion of each of the oreign currency specified in column(2) of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall with effect from the 1st August, 1999 be the rate mentioned against it in the corresponding entry in column(3) thereof.

							
					SCHEDULE - I

	Sl	FOREIGN CURRENCY	RATE OF EXCHANGE OF ONE UNIT OF FOREIGN
	No.				CURRENCY EQUIVALENT TO INDIAN RUPEES

	(1)		(2)				(3)

	1.	Austrian Schilling				 3.30
	2.	Australian Dollar				28.05
	3.	Canadian Dollar				28.65
	4.	Danish Kroner				6.10
	5.	Deutsche Mark				23.20
	6.	Dutch Guilder				20.60
	7.	EURO					45.40
	8.	French 	Franc				6.90
	9.	Hong Kong Dollar				5.55
	10.	Norwegian Kroner				5.50
	11.	Pound Sterling				68.20
	12.	Swedish Kroner				5.15
	13.	Swiss Franc				28.30
	14.	Singapore Dollar				25.35
	15.	U.S. Dollar				43.10


					SCHEDULE - II

	Sl	FOREIGN CURRENCY	RATE OF EXCHANGE OF 100 UNIT OF FOREIGN
	No.				CURRENCY EQUIVALENT TO INDIAN RUPEES

	1.	Belgian Francs				112.60
	2.	Italian Lira				2.34
	3.	Japanese Yen				36.85

Sd/-
(Rimjhim Prasad)
Under Secretary to the Government of India.

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