Determines the rate of exchange of conversion of foreign cu

Last updated: 28 March 2008

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE AND CUSTOMS

NOTIFICATION NO. 32/2008-CUSTOMS (N.T.)

DATED THE 27^TH MARCH, 2008

7, CHAITRA, 1930 (SAKA)

S.O. (E). – In exercise of the powers conferred by 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.10/2008(NT)-CUSTOMS, dated the 26^th February, 2008 vide number S.O. 397(E), dated the 26^th February, 2008, and Notification. No. 29/2008(NT)-CUSTOMS, dated 18^th March, 2008 vide number S.O. 525(E), dated 18^th March, 2008 except as respects things done or omitted to be done before such supersession, 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 1^st April, 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 one unit of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)		(b)
		(For Imported Goods)	(For Export Goods)
1.	Australian Dollar	37.20	36.45
2.	Canadian Dollar	39.85	39.05
3.	Danish Kroner	8.50	8.30
4.	EURO	63.25	62.15
5.	Hong Kong Dollar	5.20	5.10
6.	Norwegian Kroner	7.85	7.65
7.	Pound Sterling	81.15	79.70
8.	Swedish Kroner	6.75	6.60
9.	Swiss Franc	40.25	39.45
10.	Singapore Dollar	29.35	28.80
11.	US Dollar	40.45	39.85

SCHEDULE-II

S.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)		(b)
		(For Imported Goods)	(For Export Goods)
1.	Japanese Yen	40.55	39.75