Determination Of Rate Of Exchange Of Foreign Currency

Last updated: 31 January 2008

Determination Of Rate Of Exchange Of Foreign Currency

NOTIFICATION NO 5/2008 - Cus.,(N.T.), Dated: January 28, 2008

In exercise of the powers conferred by 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.123/2007(NT)-CUSTOMS, dated the 26th December, 2007 vide number S.O. 2184(E), dated the 26th December, 2007, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs hereby determines 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 annexed hereto into Indian currency or vice versa shall, with effect from 1st February, 2008 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

S.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian Rupees
1	2	3
		(a)	(b)
1.	Australian Dollar	34.95	34.25
2.	Canadian Dollar	39.40	38.65
3.	Danish Kroner	7.85	7.65
4.	EURO	58.40	57.35
5.	Hong Kong Dollar	5.10	5.00
6.	Norwegian Kroner	7.25	7.10
7.	Pound Sterling	78.55	77.20
8.	Swedish Kroner	6.15	6.05
9.	Swiss Franc	36.35	35.65
10.	Singapore Dollar	27.95	27.45
11.	US Dollar	39.70	39.15

SCHEDULE-II

S.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian Rupees
1	2	3
		(a)	(b)
1.	Japanese Yen	37.40	36.65