Notification No.24/2001- Cus(N.T.) dated 28/05/2001

Customs Exchange rates for Imported Goods with effect from the 1st June, 2001

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 supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.17/2001-NT-Customs, [S.O.353(E)] dated the 25th April, 2001 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 conversion 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 June, 2001 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	2.95
2.	Australian Dollar	24.55
3.	Canadian Dollar	30.55
4.	Danish Kroner	5.45
5.	Deutsche Mark	20.75
6.	Dutch Guilder	18.40
7.	EURO	40.55
8.	French Francs	6.20
9.	Hong Kong Dollar	6.05
10.	Norwegian Kroner	5.10
11.	Pound Sterling	66.50
12.	Swedish Kroner	4.50
13.	Swiss Franc	26.60
14.	Singapore Dollar	26.15
15.	U.S. Dollar	47.20

SCHEDULE - II

S. NO.	FOREIGN CURRENCY	RATE OF EXCHANGE OF 100 UNITS OF FOREIGN CURRENCY EQUIVALENT TO INDIAN RUPEES
(1)	(2)	(3)
1.	Belgian Francs	100.50
2.	Italian Lira	2.10
3.	Japanese Yen	39.35

(N.K. SINHA)
UNDER SECRETARY TO THE GOVT. OF INDIA

F.No.468/7/2001-Cus.V

(Last amended vide Cus Ntf.No.31/2001 (NT) dt.26/06/2001)

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