Cus Ntf No.44/2000(NT) date 27th June, 2000

New Exchange Rates for Imports from 1.7.2000
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. 37/2000-NT-Customs, [S.O.518(E)] dated the 26th May, 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 Schedule I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1st July, 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 Schillin 			3.05 	2. 	Australian Dollar	 		26.65 	3. 	Canadian Dollar			30.30 	4. 	Danish Kroner			5.65 	5. 	Deutsche Mark	 		21.55 	6. 	Dutch Guilder			19.10 	7. 	EURO				42.10 	8. 	French Francs			6.40 	9. 	Hong Kong Dollar			5.75 	10.	Norwegian Kroner			5.15 	11.	Pound Sterling			67.50 	12.	Swedish Kroner			5.10 	13.	Swiss Franc			27.10 	14.	Singapore Dollar			25.90 	15.	U.S. Dollar 			44.90 
 Schedule-II 
	SI.	Foreign			Rate of exchange of 100 units of foreign	No. 	Currency 		currency equivalent to Indian rupees 
	(1) 		(2) 			(3) 
	1. 	Belgian Francs 			104.40 	2. 	Italian Lira			2.17 	3. 	Japanese Yen			43.00

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

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