Exchange Rate - 01/86 - Customs -Tariff

Exchange Rate Notification No. 1/86-Cus. Dated 1-1-1986 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. 308/85-Customs [G.S.R. No. 776 (E)], dated the 1st October, 1985, 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 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) (2) (3) 1. Austrian Schillings 142.2 2. Australian Dollars 12.050 3. Belgian Francs 417.0 4. Canadian Dollars 11.485 5. Danish Kroners 74.85 6. Dcutsche Marks 20.27 7. Dutch Guilders 22.83 8. French Francs 62.20 9. Hong Kong Dollars 64.15 10. Italian Lire 13809 11. Japanese Yen 1655 12. Malaysian Dollars 20.03 13. Norwegian Kroners 63.00 14. Pound Sterling 5.6925 15. Swedish Kroners 63.05 16. Swiss Francs 17.080 17. U.S.A. Dollars 8.220 18. Singapore Dollars 17.350