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.22/2000-NT- Customs, (S.O.286 (E) dated the 28th March, 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 May, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof. -

				SCHEDULE - I 

S.No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees

(1) (2) (3)

1 Austrian Schilling 3.00 2. Australian Dollar 26.05 3. Canadian Dollar 29.80 4. Danish Kroner 5.50 5. Deutsche Mark 21.10 6. Dutch Guilder 18.70 7. EURO 41.25 8. French Francs 6.30 9. Hong Kong Dollar 5.65 10. Norwegian Kroner 5.05 11. Pound Sterling 69.15 12. Swedish Kroner 5.00 13. Swiss Franc 26.20 14. Singapore Dollar 25.80 15. US Dollar 43.85

SCHEDULE- II

S.No. Foreign Currency Rate of exchange of 100 unit of foreign currency equivalent to Indian rupees

(1) (2) (3)

1. Belgian Frances 102.30 2. Italian Lira 2.15 3. Japanese Yen 41.45