The rate of exchange of conversion for exported goods w.e.f. 01.11.2006 - 111/06 - Customs - Non Tariff

The rate of exchange of conversion for exported goods w.e.f. 01.11.2006 October 26, 2006 Notification No. 111/2006 - Customs (N.T.) S.O.(E) - 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.107/2006-NT-Customs, dated the 26th September, 2006 [S.O.1607(E), dated the 26th September, 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 1st November, 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 34.30 2. Canadian Dollar 40.10 3. Danish Kroner 7.65 4. EURO 56.85 5. Hong Kong Dollar 5.80 6. Norwegian Kroner 6.85 7. Pound Sterling 84.70 8. Swedish Kroner 6.15 9. Swiss Franc 35.75 10. Singapore Dollar 28.70 11. US Dollar 45.10 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 37.90 F.No.468/14/2006-Cus.V