TO BE PUBLISHED IN PART-II, SECTION 3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRA-ORDINARY DATED THE 26^TH DECEMBER, 2003 ___________________________________________________________

5, PAUSA, 1925 (SAKA)

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE & CUSTOMS

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DATED THE 26^TH DECEMBER, 2003

5, PAUSA, 1925 (SAKA)

NOTIFICATION

NO.115/2003-NT-CUSTOMS

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.104/2003-NT-Customs, dated the 24^th November, 2003 [S.O.1351(E), dated the 24^th November, 2003], the Board hereby 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 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 January, 2004, 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	33.55
2.	Canadian Dollar	34.35
3.	Danish Kroner	7.55

S.No	Foreign Currency	(Exports)
(1)	(2)	(3)
4.	EURO	56.25
5.	Hong Kong Dollar	5.85
6.	Norwegian Kroner	6.70
7.	Pound Sterling	80.05
8.	Swedish Kroner	6.20
9.	Swiss Franc	36.10
10.	Singapore Dollar	26.55
11.	US Dollar	45.40

SCHEDULE-II

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S.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
1.	Japanese Yen	42.25

F.No.468/15/2003-Cus.V

Sd/-

(N.J. Kumaresh)

Under Secretary to the Government of India