Exchange rates for export goods - 18/94 - Customs - Non Tariff

Exchange rates for export goods Notification No. 18/94-Cus. (N.T.) Dated 27-4-1994 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. 14/94-Customs (N.T.), [S.O. 260 (E)], dated the 28th March, 1994, the Central Government hereby determines for the purposes of said section, insofar 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 May, 1994 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. Austrian Schilling 2.64 2. Australian Dollar 22.44 3. Canadian Dollar 22.71 4. Danish Kroner 4.73 5. Deutsche Mark 18.57 6. Dutch Guilder 16.53 7. French Franc 5.41 8. Hong Kong Dollar 4.05 9. Malaysian Dollar 11.62 10. Norwegian Kroner 4.28 11. Pound Sterling 46.60 12. Swedish Kroner 3.98 13. Swiss Franc 21.75 14. U.S. Dollar 31.27 15. Singapore Dollar 20.08 SCHEDULE II S. No. Foreign currency Rate of exchange of 100 units of Foreign currency equivalent to Indian rupees (1) (2) (3) 1. Belgian Francs 90.38 2. Italian Lire 1.94 3. Japanese Yen 30.29