Cus Ntf No. 27/1999 (NT) Date 23/4/99

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.22/99-NT-CUSTOMS [S.O.186(E)] dated the 24th March,1999 the Central Government,hereby determines for the purpose 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 May,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 units of foreign
					currency equivalent to Indian rupees

	(1)	(2)					(3)

	1.	Austrian Schilling 				3.29
	2.	Australian Dollar				27.50
	3.	Canadian Dollar				28.70
	4.	Danish Kroner				6.10
	5.	Deutsche Mark				23.15
	6.	Dutch Guilder				20.55
	7.	EURO					45.30
	8.	French Francs				6.90
	9.	Hong Kong Dollar				5.50
	10.	Norwegian Kroner				5.50
	11.	Pound Sterling				68.55
	12.	Swedish Kroner				5.10
	13.	Swiss Franc				28.25
	14.	Singapore Dollar				24.90
	15.	U.S Dollar				42.70


					SCHEDULE-II

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

	(1)	(2)					(3)

	1.	Balgian Francs				112.25
	2.	Italian Lira				2.33
	3.	Japanese Yen				35.50

(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA

F.No. 468/5/99-Cus.V

To

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

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

(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA

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