Cus Ntf No.22/2002 (NT) Dt., 24/04/2002

Exchange Rate effective from 1st May, 2002 Relates to Imported Goods
S.O. 460(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 supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.20/2002-NT-Customs, [S.O.329(E)] dated the 22 nd March, 2002 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 the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1 st May, 2002 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 CURRNCY EQUIVALENT TO INDIAN RUPEES
(1)	(2)	(3)
1.	Australian Dollar	26.60
2.	Canadian Dollar	31.30
3.	Danish Kroner	5.90
4.	EURO	43.70
5.	Hong Kong Dollar	6.30
6.	Norwegian Kroner	5.75
7.	Pound Sterling	71.30
8.	Swedish Kroner	4.75
9.	Swiss Franc	29.75
10.	Singapore Dollar	27.05
11.	US Dollar	49.10

SCHEDULE-II

S.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
1.	Japanese Yen	37.85

Sd/-
( S.K. SINHA)
DIRECTOR (ICD)

F.No.468/11/2002-Cus.V

(Last amended vide Cus Ntf No.31/2002(NT) date 28/05/2002)

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