Notification No.98 /2008 - CUSTOMS (N.T.) dated 28.7.2008
Exchange Rate effective from 1st August 2008 relates to Import/export goods

S.O. (E). In exercise of the powers conferred by 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.79/2008(NT)-CUSTOMS, dated the 25th June, 2008 vide number S.O. 1551(E), dated the 25th June, 2008, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st August, 2008 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
 
SCHEDULE-I

 
S.No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1) (2) (3)
(a) (b)
(For Imported Goods) (For Export Goods)
1. Australian Dollar 40.85 40.10
2. Canadian Dollar 42.05 41.25
3. Danish Kroner 9.00 8.80
4. EURO 66.95 65.70
5. Hong Kong Dollar 5.45 5.40
6. Norwegian Kroner 8.25 8.10
7. Pound Sterling 84.60 83.20
8. Swedish Kroner 7.05 6.95
9. Swiss Franc 41.20 40.45
10. Singapore Dollar 31.35 30.75
11. U.S. Dollar 42.55 41.95

 
SCHEDULE-II

 
S.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1) (2) (3)
(a) (b)
(For Imported Goods) (For Export Goods)
1. Japanese Yen 39.90 39.15

[F.No.468/13/2008-Cus.V]

(SWARN DASS)
Under Secretary to the Government of India


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