Exchange Rate effective from 1st May, 2004 Relates to exported goods - 056/04 - Customs - Non Tariff

Exchange Rate effective from 1st May, 2004 Relates to exported goods 27th April, 2004 Notification No.56/2004-NT-Customs 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.37/2004-NT-Customs, dated the 25 th March, 2004 [S.O.393(E), dated the 25 th March , 2004], the Board hereby determines for the purposes of said section relating to export 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 May, 2004, 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 32.20 2. Canadian Dollar 32.50 3. Danish Kroner 7.00 4. EURO 52.00 5. Hong Kong Dollar 5.65 6. Norwegian Kroner 6.30 7. Pound Sterling 78.40 8. Swedish Kroner 5.70 9. Swiss Franc 33.50 10. Singapore Dollar 25.90 11. US Dollar 43.95 Schedule II S.No. Foreign Currency Rate of exchange of 100 unit of foreign currency equivalent to Indian rupees (1) (2) (3) 1. Japanese Yen 40.40 N.J. Kumaresh Under Secretary to the Government of India F.No.468/6/2004-Cus.V