Cus Ntf No.8/2000 (NT) Date 25th January,2000

Foreign exchange rate of currency
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 the 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.67/99 -N.T. -Customs, [S.O.1303(E)] dated the 28th December, 1999 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 conversion of each of the foreign currency specified in column (2) of Schedule I and Schedule II appended hereto into Indian currency or vice-versa shall, with effect from the 1st February, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.

	 SCHEDULE-I 
	Sl. FOREIGN CURRENCY	RATE OF EXCHANGE OF ONE UNIT OF FOREIGN	No.				CURRENCY EQUIVALENT TO INDIAN RUPEES 
	(1) (2) 	(3) 
	1. Austrian Schilling 	 	3.20 	2. Australian Dollar 	 	28.80 	3. Canadian Dollar 	 	30.35 	4. Danish Kroner 	 	5.95 	5. Deutsche Mark 	 	22.50 	6. Dutch Guilder 	 	20.00 	7. EURO 	 	44.05 	8. French Francs 	 	6.70 	9. Hong Kong Dollar 	 	5.65 	10. Norwegian Kroner 	 	5.45 	11. Pound Sterling 	 	72.20 	12. Swedish Kroner 	 	5.15 	13. Swiss Franc 	 	27.30 	14. Singapore Dollar 	 	26.00 	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 		109.20 	2. Italian Lira 			 2.27 	3. Japanese Yen 		 41.75 

Sd/-
(S.K. Sinha)
Director (Customs)

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