Cus Ntf No. 26/1999 (NT) Date 23/4/99
Foreign exchange rate of currency
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 (i) of clause (a) of sub-section (3)
of section 14 of the 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. 21/99-NT-Customs, (S.O.105 (E)) dated th 24th March,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) Schedule I and Schedule II appended hereto into Indian currency of vice-versa shall,
with effect from 1st May, 1999 be the rate mentioned against in the corresponding entry in
column (3) thereof.
SCHEDULE-I
Sl.NO. Foreign currency Rate of exchange of one unit of foreign
Currency equivalent to Indian rupees.
(1) (2) (3)
1. Austrian Schilling 3.32
2. Australian Dollar 27.80
3. Canadian Dollar 29.00
4. Danish Kroner 6.15
5. Deutsche Mark 23.35
6. Dutch Guilder 20.75
7. EURO 45.70
8. French Francs 6.95
9. Hong Kong Dollar 5.55
10. Norwegian Kroner 5.55
11. Pound Sterling 69.20
12. Swedish Kroner 5.15
13. Swiss Franc 28.50
14. Singapore Dollar 25.15
15. U.S. Dollar 43.00
SCHEDULE II
Sl. No. Foreign currency Rate of exchange of 100 units of foreign
currency equivalent to Indian rupees
1. Balgian Francs 113.30
2. Italian Lira 2.36
3. Japanese Yen 35.80
(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA.
F.No. 468/5/99-Cus.V
To
The Manager,
Government of India Press,
Maya Puri, Ring Road,
New Delhi.
Copy to Dte. Of publicity & Public Relations, Customs and Central Excise, New Delhi.
(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA.
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