Cus Ntf No. 49/1999 (NT) Date 26th August, 1999

Foreign exchange rate of currency
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 ndia in the Ministry of Finance (Department of Revenue) No.46/99-N.T. -CUSTOMS, [S.O.603 (E)]dated the 27th July 1999, 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 conversion of each of the foreign 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 September,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 				27.45
	3. 	Canadian Dollar		 		28.05
	4. 	Danish Kroner				6.15
	5. 	Deutsche Mark 		 		23.30
	6. 	Dutch Guilder 				20.70
	7. 	EURO 			 		45.60
	8. 	French Franc 				6.95
	9. 	Hong Kong Dollar 			 	5.60
	10. 	Norwegian Kroner 			 	5.50
	11. 	Pound Sterling 				69.00
	12. 	Swedish Kroner 				5.25
	13. 	Swiss Franc 				28.50
	14. 	Singapore Dollar 				25.65
	15. 	U.S. Dollar 				43.35


					SCHEDULE - II

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

	(1) 	     	(2) 				(3)

	1. 	Belgian Francs 				113.05
	2. 	Italian Lira 				2.35
	3. 	Japanese Yen 		 		39.05

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

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