The rate of exchange of conversion for imported goods w.e.f. 01.03.2006 - 016/06 - Customs - Non Tariff

The rate of exchange of conversion for imported goods w.e.f. 01.03.2006 Notification No. 16 /2006-Customs (N.T.) 23th February, 2006. In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of 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.5/2006-NT-Customs, dated the 25 th January, 2006 [S.O.92(E) dated the 25 th January, 2006], the Board hereby determines for the purposes of said section, relating to imported 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 March, 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 33.15 2. Canadian Dollar 39.00 3. Danish Kroner 7.15 4. EURO 53.35 5. Hong Kong Dollar 5.75 6. Norwegian Kroner 6.65 7. Pound Sterling 78.15 8. Swedish Kroner 5.70 9. Swiss Franc 34.20 10. Singapore Dollar 27.45 11. US Dollar 44.65 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 37.75 F.No.468/4/2006-Cus.V