Cus Ntf No.70/2000 (NT) Customs date 27th November, 2000

New Exchange Rate (Effective 1/12/2000) of Indian rupee vis-a-vis other currencies for Imported Goods and Stamp Duty levy
S.O. (E) - 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. 65/2000-NT-Customs, [S.O.956(E)] dated the 25th October, 2000 the Central Government, hereby:-

1. prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 1899 (2 of 1899),
   
   
2. 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 Schedule I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1st December, 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					2.87	2.	Australian Dollar					24.60	3. 	Canadian Dollar					30.40	4.	Danish Kroner					5.30	5.	Deutsche Mark					20.20	6.	Dutch Guilder					17.95	7.	EURO						39.50	8.	French Francs					6.00	9.	Hong Kong Dollar					6.05	10.	Norwegian Kroner					4.95	11.	Pound Sterling					65.90	12.	Swedish Kroner					4.85	13.	Swiss Franc					27.50	14. 	Singapore Dollar					26.80	15.	U.S. Dollar					47.05
(Sl. No. 12, Rate of Exchange has been substituted vide Ntf. No.75/2000-NT-Cus, Dt.13-12-2000)

(Sl. No. 13, Rate of Exchange has been substituted vide Ntf. No.72/2000-NT-Cus, Dt.12-12-2000)

					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					97.95	2.	Italian Lira					2.05	3.	Japanese Yen 					42.55

Sd/-
Rajendra Singh
Under Secretary to the Govt. of India

F.No. 468/16/2000-Cus.V

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