Rate of exchange - 374/86 - Customs -Tariff

Rate of exchange Notification No. 374/86-Cus. Dated 27-6-1986 In pursuance of 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. 226/86-Customs [G.S.R. No. 554(E)], dated the 27th March, 1986, the Central Government hereby determines that, for the purposes of section 14 of the said Act, the rate of exchange of conversion of each of the foreign currency specified in column (2) of the Schedule below into Indian currency or vice versa , shall, with effect from the 1st day of July, 1986, be the rate mentioned against it in the corresponding entry in column (3) thereof. THE SCHEDULE S. No. Foreign Currency Rate of exchange of foreign currency equivalent to Rs. 100/- 1. Austrian Schillings 123.4 2. Australian Dollars 11.850 3. Belgian Francs 359.50 4. Canadian Dollars 11.045 5. Danish Kroners 65.35 6. Deutsche Marks 17.595 7. Dutch Guilders 19.810 8. French Francs 56.10 9. Hong Kong Dollars 62.00 10. Italian Lire 12076 11. Japanese Yen 1315 12. Malaysian Dollars 20.90 13. Norwegian Kroners 60.00 14. Pound Sterling 5.2305 15. Swedish Kroners 56.85 16. Swiss Francs 14.440 17. U.S.A. Dollars 7.940 18. Singapore Dollars 17.475