Exchange rates for export goods - Notification No. 58/96-Cus. (N.T.) superseded - 62/96 - Customs - Non Tariff

Exchange rates for export goods - Notification No. 58/96-Cus. (N.T.) superseded Notification No. 62/96-Cus.(N.T.) Dated 26-12-1996 In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the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. 58/96-N.T.-Customs [S.O. 821 (E)], dated the 26th November, 1996, 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 day of January, 1997 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 unit of foreign currency equivalent to Indian rupees (1) (2) (3) 1. Austrian Schilling 3.25 2. Australian Dollar 28.48 3. Canadian Dollar 26.08 4. Danish Kroner 5.99 5. Deutsche Mark 22.94 6. Dutch Guilder 20.45 7. French Franc 6.79 8. Hong Kong Dollar 4.61 9. Malaysian Ringitt 14.10 10. Norwegian Kroner 5.51 11. Pound Sterling 59.73 12. Swedish Kroner 5.19 13. Swiss Franc 26.66 14. U.S. Dollar 35.65 15. Singapore Dollar 25.46 SCHEDULE - II Sl. No. Foreign currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees 1. Belgian Francs 111.23 2. Italian Lira 2.33 3. Japanese Yen 31.18