Cus Ntf No. 64/1999 (NT) Date 25th November 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 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.60/ 99-N.T. -Customs, [S.O.1048(E)] dated the 26th October, 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 December, 1999 be the rate mentioned against it in the corresponding entry in column (3) thereof.

					SCHEDULE-I

	SI.	FOREIGN CURRENCY		RATE OF EXCHANGE OF ONE UNIT OF FOREIGN
	No.					CURRENCY EQUIVALENT TO INDIAN RUPEES

	(1)		(2)				(3)

	1. 	Austrian Schilling			 	3.25
	2. 	Australian Dollar				27.75
	3. 	Canadian Dollar				29.75
	4. 	Danish Kroner				6.00
	5. 	Deutsche Mark				22.90
	6. 	Dutch Guilder				20.35
	7. 	EURO					44.80
	8. 	French Francs				6.85
	9. 	Hong Kong Dollar				5.60
	10. 	Norwegian Kroner		 		5.50
	11. 	Pound Sterling				70.80
	12. 	Swedish Kroner				5.20
	13. 	Swiss Franc				28.00
	14. 	Singapore Dollar				26.10
	15. 	U.S. Dollar				43.55


					SCHEDULE-II

	SI.	FOREIGN CURRENCY		RATE OF EXCHANGE OF 100 UNITS OF FOREIGN
	No.					CURRENCY EQUIVALENT TO INDIAN RUPEES

	(1)	    (2)					(3)

	1.	Belgian Francs				111.10
	2.	Italian Lira	     			2.31
	3.	Japanese Ye				41.65

Sd/-
Prashant Kumar Sinha
Under Secretary to the Govt of India

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