Cus Ntf No. 65/2000 (NT) date 25th October, 2000

New Exchange Rate 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. 57/2000-NT-Customs, [S.O.888(E)] dated the 26th September, 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 November, 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...................................... 	2.85 	2. Australian Dollar....................................... 	24.60 	3. Canadian Dollar......................................... 	30.90 	4. Danish Kroner........................................... 	5.25 	5. Deutsche Mark........................................... 	19.95 	6. Dutch Guilder........................................... 	17.70 	7. EURO.................................................... 	39.05 	8. French Francs........................................... 	5.95 	9. Hong Kong Dollar........................................ 	6.00 	10. Norwegian Kroner........................................ 4.90 	11. Pound Sterling.......................................... 	67.85 	12. Swedish Kroner.......................................... 	4.60 	13. Swiss Franc............................................. 	26.00 	14. Singapore Dollar........................................ 	26.55 	15. U.S. Dollar............................................. 	46.60 
					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 96.80 	2. Italian Lira 	2.01	3. Japanese Yen 43.05
Sd/-
Rajendra Singh
Under Secretary to the Government of India

Presented by eximkey.com