Cus Ntf No.16/1999(NT) DT. 23/02/1999
Rate of exchange of one unit of foreign Currency equivalent to Indian rupees.
S. O. (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 (1) of clause (a) of sub-section (3) of section 14
of the Customs Act, 1962 (52 of 1962) and in suppression of the notification of the Government
of India in the Ministry of Finance (Department of Revenue) No.6/99-NT-Customs, [S.O.42 (E)]
dated the 28th January, 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 March, 1999
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 | 27.20 |
| 2. | Austrian Schilling | 3.41 |
| 3. | Canadian Dollar | 28.65 |
| 4. | Danish Kroner | 6.35 |
| 5. | Deutsche Mark | 24.00 |
| 6. | Dutch Guilder |
21.30
|
| 7. | EURO | 47.00 |
| 8. | French Francs | 7.15 |
| 9. | Hong Kong Dollar | 5.50 |
| 10. | Norwegian Kroner | 5.40 |
| 11. | Pound Sterling | 69.10 |
| 12. | Swedish | 5.30 |
| 13. | Swiss Franc | 29.35 |
| 14. | Singapore Dollar | 24.85 |
| 15. | US Dollar | 42.65 |
Schedule - II
| S.No. | Foreign Currency | Rate of exchange of 100 units of
foreign currency equivalent to
Indian rupees
|
|---|
| 1. | Belgian Francs | 116.45 |
| 2. | Italian Lira | 2.42 |
| 3. | Japanese Yen | 34.95 |
(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA.
F.NO.468/3/99-Cus.V
Presented by eximkey.com