Cus Ntf No. 37/2000(N.T) Dated 26-05-2000
- Document type
- Notification
- Reference no.
- BB
- Dated
- Category
- Non-Tariff
Customs foreign exchange rate
Customs foreign exchange rate
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act, 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of 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.24/2000-NT-Customs, [(S.O.406 (E)] dated the 25th April, 2000 the Central Government hereby -
(a) prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 1899(2 of 1899)
(b) determines for the purposes of section 14 of the Customs Act, 1962 (52 of 1962) in so far as these relate to imported goods that the rate of exchange of conversation of each of the foreign currency specified in the column (2) of Schedule1 I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1st June, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.
SCHEDULE-I
SL. Foreign Rate of exchange of one unit of foreign No. Currency currency equivalent to Indian rupees
(1) (2) (3)
1. Austrian Schilling 2.92 2. Australian Dollar 25.40 3. Candian Dollar 29.35 4. Danish Kroner 5.40 5. Deutsche Mark 20.55 6. Dutch Guilder 18.25 7. EURO 40.20 8. French Francs 6.10 9. Hong Kong Dollar 5.70 10. Norwegain Kroner 4.85 11. Pound Sterling 65.45 12. Swedish Kroner 4.85 13. Swiss Franc 25.75 14. Singapore Dollar 25.60 15. U.S. Dollar 44.35
SCHEDULE-II
SL. Foreign Rate of exchange of 100 units of foreign No. Currency currency equivalent to Indian Rupees
(1) (2) (3)
1. Belgian Francs 99.65 2. Italian Lira 2.07 3. Japanese Yen 41.25
(Rajendra Singh)
Under Secretary to the Government of India