Cus Ntf No. 22/2000 (NT) Date 28th March, 2000

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.12/2000-N.T. -Customs, IS.O.174(E)J dated the 24th February, 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 1 and Schedule II appended hereto into Indian currency or vice-versa shall, with effect from the 1st April, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.

					SCHEDULE-I
	SI.	 FOREIGN CURRENCY	RATE OF EXCHANGE OF ONE UNIT OF FOREIGN	No.				CURRENCY EQUIVALENT TO INDIAN RUPEES
	(1)		(2)				(3)
	1.	Austrian Schilling				3.11	2.	Australian Dollar				26.80	3.	Canadian Dollar				30.00	4.	Danish Kroner				 5.75	5.	Deutsche Mark				21.90	6.	Dutch Guilder				19.45	7.	EURO					42.90	8.	French Francs				 6.55	9.	Hong Kong Dollar				 5.65	10.	Norwegian Kroner				 5.30	11. 	Pound Sterling				69.80	12. 	Swedish Kroner				 5.15	13.	Swiss Franc				27.00	14. 	Singapore Dollar				25.50	15. 	U.S. Dollar				43.80
					SCHEDULE-II
	SI.	FOREIGN CURRENCY	RATE OF EXCHANGE OF 100 UNITS OF FOREIGN	No.				CURRENCY EQUIVALENT TO INDIAN RUPEES
	(1)		(2)				(3)
	1.	Belgian Francs				106.30	2.	Italian Lira				 2.21	3.	Japanese		 		 	41.00

(Rajendra Singh)
Under Secretary to the Govt. of India

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