Cus Ntf No.20/2002(NT) date 22/03/2002
Exchange Rate effective from 1st April, 2002 Relates to Imported Goods
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.9/2002-NT-Customs, [S.O.230(E)] dated the 25th February, 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 1st April, 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 Currency Equivalent to Indian Rupees |
|---|
| (1) | (2) | (3) |
|---|
| 1. | Australian Dollar |
25.95 |
| 2. |
Canadian Dollar |
31.00 |
| 3. |
Danish Kroner |
5.85 |
| 4. |
EURO |
43.35 |
| 5. |
Hong Kong Dollar |
6.30 |
| 6. |
Norwegian Kroner |
5.60 |
| 7. |
Pound Sterling |
69.95 |
| 8. |
Swedish Kroner |
4.80 |
| 9. |
Swiss Franc |
29.60 |
| 10. |
Singapore Dollar | 26.80 |
| 11. |
US Dollar | 48.90 |
Schedule-II
| S.No. | Foreign Currency |
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees |
|---|
| 1. |
Japanese Yen | 37.25 |
S.K. Sinha
Director (ICD)
F.No.468/8/2002-Cus.V
(Last amended vide Cus Ntf No.22/2002 (NT) date 24/04/2002)
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