Cus Ntf No. 56/1999 (NT) Date 27th September, 1999

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 40 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.48/99-N.T.-Customs, [S.O.686(E)l dated the 26th August, 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 the column (2) of Schedule I and Schedule II appended hereto into Indian currency or vied-versa shall, with effect from the Ist October, 1999 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				 3.35
	2.	Australian Dollar				28.40
	3.	Canadian Dollar				29.70
	4.	Danish Kroner				 6.15
	5.	Deutsche Mark				23.30
	6.	Dutch Guilder				20.65
	7.	EURO					45.55
	8.	French Franc				 6.95
	9.	Hong Kong Dollar				 5.60
	10.	Norwegian Kroner				 5.55
	11.	Pound Sterling				71.30
	12.	Swedish Kroner				 5.30
	13.	Swiss Franc				28.50
	14.	Singapore Dollar				25.40
	15.	U.S. Dollar				43.40


				SCHEDULE - II
	
	Sl.	FOREIGN CURRENCY	RATE OF EXCHANGE OF ONE UNIT OF  FOREIGN
	No.                                               CURRENCY EQUIVALENT TO INDIAN RUPEES

	(1)	(2)					(3)
	
	1.	Belgian Francs				112.95
	2.	Italian Lira				2.35	
	3.	Japanese Yen				41.40

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

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