Cus Ntf No. 42/1999 (NT) Date 25th June, 1999

Foreign exchange rate of currency
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.33/99-N.T.- CUSTOMS, [S.O.385(E)] dated the 26th May 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 here into Indian currency or vice-versa shall, entry in column (3) thereof.

			
					SCHEDULE – I

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

	(1)		(2)				(3)


	1.	Austrain Schilling				 3.24
	2.	Australian Dollar				28.35
	3.	Canadian Dollar				29.30
	4.	Danish Kroner				6.00
	5.	Deutsche Mark				22.80
	6.	Dutch Guilder				20.25
	7.	EURO					44.60
	8.	French franc				6.80
	9.	Hong Kong Dollar				5.55
	10.	Norwegian Kroner				5.50
	11.	Pound Sterling				68.00
	12.	Swedish Kroner				5.10
	13.	Swiss Franc				27.90
	14.	Singapore Dollar				25.30
	15.	U.S.Dollar				43.15



					SCHEDULE - II

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

	(1)		(2)				(3)

	1.	BelgianFrancs				110.55
	2.	Italian Lira				2.30
	3.	Japanese Yen				35.35

Sd/-
(S.K.Sinha)
Director

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