The rate of exchange of conversion for exported goods w.e.f. 1.1.2006 - 111/05 - Customs - Non Tariff

The rate of exchange of conversion for exported goods w.e.f. 1.1.2006 Notification No. 111/2005-Customs (N.T.) 27th December 2005 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.105/2005-NT-Customs, dated the 25th November, 2005 [S.O.1659(E), dated the 25th November, 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 1st January, 2006, 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 32.70 2. Canadian Dollar 38.45 3. Danish Kroner 7.10 4. EURO 53.20 5. Hong Kong Dollar 5.80 6. Norwegian Kroner 6.60 7. Pound Sterling 77.80 8. Swedish Kroner 5.60 9. Swiss Franc 34.15 10. Singapore Dollar 26.95 11. US Dollar 45.00 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 38.60 F.No.468/17/2005-Cus.V (S.P. RAO) Under Secretary to the Government of India