The rate of exchange of conversion for exported goods w.e.f. 1st June - 042/05 - Customs - Non Tariff

The rate of exchange of conversion for exported goods w.e.f. 1st June 26th May, 2005 Notification No.42/2005-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.35/2005-NT-Customs, dated the 26 th April, 2005 [S.O.578(E), dated the 26 th April , 2005], 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 June, 2005, 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 32.95 2. Canadian Dollar 34.35 3. Danish Kroner 7.30 4. EURO 54.55 5. Hong Kong Dollar 5.55 6. Norwegian Kroner 6.75 7. Pound Sterling 79.30 8. Swedish Kroner 5.95 9. Swiss Franc 35.25 10. Singapore Dollar 26.20 11. US Dollar 43.35 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 40.35 F.No.468/9/2005-Cus.V S.P. RAO Under Secretary to the Government of India