Cus Ntf No. 33/1999 (NT) Date 26th May,1999

Foreign exchange rate of currency
In exercise of the powers conferred by sub-clause (a) 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.27/99-NT-Customs [S. O. 284(E)] dated the 23rd April, 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 June, 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			3.28
	2.	Australian Dollar			28.00
	3.	Canadian Dollar                               29.25
	4.	Danish Kroner		         	6.10
	5.	Deutsche Mark			23.10
	6.	Dutch Guilder			20.50
	7.	EURO				45.15
	8.	French Francs			6.90
	9.	Hong Kong Dollar			5.50
	10.	Norwegian Kroner			5.50
	11.	Pound Sterling			68.10
	12.	Swedish kroner			5.05
	13.	Swiss Franc			28.20
	14.	Singapore Dollar			24.70
	15.	U.S. Dollar			42.60


					SCHEDULE - II

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

	(1)	(2)				   (3)

	1.	Balgian Francs			111.90
	2.	Italian Lira			2.33
	3.	Japanese Yen			34.60

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

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