Cus Ntf No. 57/1999 (NT) Date 27th September, 1999

Foreign exchange rate of currency
In exercise of the powers conferred by sub 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.49/99 (NT) -CUSTOMS, [S.O.687 (Efl dated the 26th August, 1999, the Central Government, hereby determines for the purposes of slid section in so far as these relate to export goods, that the rate of exchange of conversation of each of the foreign currency specified in the column (29) of Schedule I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1st October, 1999 be the rate mentioned against it in the corresponding entry in column (3) thereof

					SCHEDULE-I

	Sl.	FOREIGN CURRENCY	RATE OF EXCHANGE OF ONE UNIT OF  FOREIGN
             No.                                         	CURRENCY EQUIVALENT TO INDIAN RUPEES

	(1)	(2)					(3)

	1.	Austrian Schilling				 3.30
	2.	Australian Dollar				28.10
	3.	Canadian Dollar				29.45
	4.	Danish Kroner				 6.20
	5.	Deutsche Mark				23.50
	6.	Dutch Guilder				20.67
	7.	EURO					46.00
	8.	French Franc				 7.00
	9.	Hong Kong Dollar				 5.65
	10.	Norwegian Kroner				 5.65
	11.	Pound Sterling				72.00
	12.	Swedish Kroner				 5.35
	13.	Swiss Franc				28.75
	14.	Singapore Dollar				25.60
	15.	U.S. Dollar				43.75


					SCHEDULE - II

	Sl.	FOREIGN CURRENCY	RATE OF EXCHANGE OF ONE UNIT OF FOREIGN
	No.				CURRENCY EQUIVALENT TO INDIAN RUPEES

	(1)	(2)					(3)

	1.	Belgian Francs				114.05
	2.	Italian Lira				  2.37	
	3.	Japanese Yen				 41.80

Sd/-
(S.K. Sinha)
Director (Customs)

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