Exchange rates for export goods - Notification No. 85/98-Cus. (N.T.) superseded - 95/98 - Customs - Non Tariff

Exchange rates for export goods - Notification No. 85/98-Cus. (N.T.) superseded Notification No. 95/98-Cus. (N.T.) Dated 26-11-1998 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. 85/98-NT-Customs [S.O. 933 (E)], dated the 28th October, 1998 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 December, 1998 be the rate mentioned against it in the corresponding entry in column (3) thereof. SCHEDULE - I Sl. No. Foreign currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees (1) (2) (3) 1. Austrian Schilling 3.50 2. Australian Dollar 26.95 3. Canadian Dollar 27.30 4. Danish Kroner 6.50 5. Deutsche Mark 24.80 6. Dutch Guilder 22.00 7. French Franc 7.40 8. Hong Kong Dollar 5.45 9. Norwegian Kroner 5.65 10. Pound Sterling 70.00 11. Swedish Kroner 5.20 12. Swiss Franc 30.10 13. U.S. Dollar 42.30 14. Singapore Dollar 25.80 SCHEDULE - II Sl. No. Foreign currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees 1. Belgian Francs 120.10 2. Italian Lira 2.50 3. Japanese Yen 34.85