Exchange Rate effective from 1st March, 2003 Relates to import goods - 016/03 - Customs - Non Tariff

Exchange Rate effective from 1st March, 2003 Relates to import goods 25 th February, 2003 Notification No.16/2003-Customs -(N.T.) In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the notification of the Government of India in the Ministry of Finance Company Affairs (Department of Revenue) No.9/2003-NT-Customs, dated the 28 th January, 2003 [S.O.96(E) dated the 28 th January, 2003], the Board hereby determines for the purposes of said section, relating to imported 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 1 st March, 2003, 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 28.70 2. Canadian Dollar 31.90 3. Danish Kroner 6.95 4. EURO 51.50 5. Hong Kong Dollar 6.15 6. Norwegian Kroner 6.85 7. Pound Sterling 75.60 8. Swedish Kroner 5.65 9. Swiss Franc 35.05 10. Singapore Dollar 27.50 11. US Dollar 47.90 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 40.50 N.J. Kumaresh Under Secretary to the Government of India F.No.468/4/2003-Cus.V