Cus Ntf No. 22/99 (NT) DT. 24TH MARCH, 1999

Foreign exchange rate of currency
S.O. (E)-In exercise of the powers conferred by sub clause (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 Finance(Department of Revenue) No.17/99-NT CUSTOMS [S.O.127 (E)] dated the 23rd February, 1999 the General Government, hereby determines for the purpose of said section in an far as these relate to export goods. That the rate of exchange of conversion of each of the foreign currency currency specified in column (2) of Schedule I and Schedule II appended hereto into Indian currency on vice-versa shall, with effect from the 1st APRIL,1999 be the rate mentioned against it in the corresponding entry in column(3)thereof.

					SCHEDULE - I

	Sl. No.	Foreign currency 			Rate of exchange of one unit of foreign
						Currency equivalent to Indian rupees.

	(1)	(2)					(3)

	1.	Australian Dollar				3.35
	2.	Austrian Schilling				26.85
	3.	Canadian Dollar				28.05
	4.	Danish Kroner				6.20
	5.	Deutsche Mark				23.55
	6.	Dutch Guilder				20.90
	7.	EURO					46.10
	8.	French Francs				7.00
	9.	Hong Kong Dollar				5.45
	10.	Norwegian Kroner				5.45
	11.	Pound Sterling				68.80
	12.	Swedish					5.15
	13.	Swiss Franc				28.85
	14.	Singapore Dollar				24.40
	15.	U. S. Dollar				42.30


					SCHEDULE II

	Sl.No.	Foreign currency 			Rate of exchange or 100 units of foreign
						currency equivalent to Indian rupees

	1.	Belgian Frances			      	114.25
	2.	Italian Lira				2.38
	3.	Japanese Yen				35.65

(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA.

F.NO.468/4/99-Cus.V

TO

The Manager,
Government of India Press,
Maya Puri, Ring Road,
New Delhi.

Copy to Dte. of Publicity & Public Relations, Customs and Central Excise, New Delhi.

(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA.

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