The rate of exchange of conversion for exported goods w.e.f. 01.03.2006 - 017/06 - Customs - Non Tariff

The rate of exchange of conversion for exported goods w.e.f. 01.03.2006 Notification No. 17 /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 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.6/2006-NT-Customs, dated the 25 th January, 2006 [S.O.91(E), dated the 25 th January , 2006], the Board hereby 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 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, 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 32.55 2. Canadian Dollar 38.50 3. Danish Kroner 7.05 4. EURO 52.70 5. Hong Kong Dollar 5.70 6. Norwegian Kroner 6.55 7. Pound Sterling 77.20 8. Swedish Kroner 5.60 9. Swiss Franc 33.80 10. Singapore Dollar 27.15 11. US Dollar 44.30 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 37.30 F.No.468/4/2006-Cus.V