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Customs Notification (NT) NO.40/2002 dated
26.6.2002
Customs Exchange
rates for export goods w.e.f. 1.7.2002
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 supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.32/2002-NT-Customs, dated the 28th May, 2002 [S.O.575(E), dated the 28th May, 2002], the Board hereby determines for the purposes of said section relating to export goods, 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 appended hereto into Indian currency or vice versa shall, with effect from the 1st July, 2002, be the rate mentioned against it in the corresponding entry in column (3) thereof.
Schedule-I
|
S.No. |
Foreign Currency |
Rate of exchange of one unit of foreign currency equivalent to Indian rupees |
|
(1) |
(2) |
(3) |
|
1. |
Australian Dollar |
27.95 |
|
2. |
Canadian Dollar |
32.05 |
|
3. |
Danish Kroner |
6.35 |
|
4. |
EURO |
47.25 |
|
5. |
Hong Kong Dollar |
6.25 |
|
6. |
Norwegian Kroner |
6.40 |
|
7. |
Pound Sterling |
72.95 |
|
8. |
Swedish Kroner |
5.25 |
|
9. |
Swiss Franc |
32.20 |
|
10. |
Singapore Dollar |
27.55 |
|
11. |
US Dollar |
48.75 |
Schedule-II
|
S.No. |
Foreign Currency |
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees |
|
(1) |
(2) |
(3) |
|
1. |
Japanese Yen |
39.95 |
N.J. Kumaresh
Under Secretary to the Government of India
F.No.468/14/2002-Cus.V