Cus Ntf No.68/1999 (NT) Date 28th December 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 super session of the notification of the Government of
India in the Ministry of Finance (Department of Revenue)
No.65/99-N.T. - CUSTOMS, [S.O.1170
(E)] dated the 25th November 1999, the Central Government, hereby determines for the purposes
of said section in so far as these relate to Export goods, that the rate of exchange of
conversion of each of the foreign currency specified in column (2) of Schedule I and Schedule
II appended hereto into Indian currency or vice-versa shall,with effect from the 1st January,
2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.
SCHEDULE-I
SI. FOREIGN CURRENCY RATE OF EXCHANGE OF ONE UNIT OF FOREIGN
NO. CURRENCY EQUIVALENT TO INDIAN RUPEES
(1) (2) (3)
1. Austrian Schilling 3.20
2. Australian Dollar 27.90
3. Canadian Dollar 29.45
4. Danish Kroner 5.90
5. Deutsche Mark 22.45
6. Dutch Guilder 19.90
7. EURO 43.90
8. French Francs 6.70
9. Hong Kong Dollar 5.60
10. Norwegian Kroner 5.40
11. Pound Sterling 70.10
12. Swedish Kroner 5.15
13. Swiss France 27.35
14. Singapore Dollar 26.00
15. U.S. Dollar 43.35
SCHEDULE - II
SI. FOREIGN CURRENCY RATE OF EXCHANGE OF 100 UNITS OF FOREIGN
NO. CURRENCY EQUIVALENT TO INDIAN RUPEES
(1) (2) (3)
1. Belgian Frances 108.80
2. Italian Lira 2.25
3. Japanese Yen 42.20
Sd/-
(S.K. Sinha )
Director (Customs)
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