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    Apr 29, 2010

    Custom department determines rate of foreign exchange effective from 01-05-2010

    Custom department detarmines the rate of foreign exchange for import and export business which will be effective from 1st of may 2010. Full notification is as under

    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. 32/2010 – Customs (N.T.)

    DATED THE 28 th   April, 2010
      Vaisakha, 1932(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.26/2010-CUSTOMS (N.T.), dated the 29th March, 2010   vide   number S.O.704(E), dated the 29th  March, 2010,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 1st May, 2010  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
    41.80
    40.60
    2.
    Canadian Dollar                
    45.05
    43.80
    3.
    Danish Kroner
    8.15
    7.85
    4.
    EURO
    60.30
    58.65
    5.
    Hong Kong Dollar
    5.80
    5.65
    6.
    Norwegian Kroner
    7.70
    7.45
    7.
    Pound Sterling
    69.65
    67.80
    8.
    Swedish Kroner
    6.30
    6.10
    9.
    Swiss Franc
    42.10
    40.85
    10.
    Singapore Dollar
    32.95
    32.05
    11.
    US Dollar
    44.90
    44.00
                                                                        

      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
    48.05
             46.70


    [F.No.468/6/2010-Cus.V]

    (VIKAS)
    Under Secretary to the Govt. of India
    Phone No. 2309 5551

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