Cus Ntf No. 67/1999 (NT) Date 28th December, 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 14 of the
Customs Act, 1962 (52 of 1962) and in super session of the notification of the Government of
India in the Ministry of Finance ( Department of Revenue )
No.64/99-N.T.-Cusotms, [S.O.1169(E)]
Dated the 25th November, 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 India currency or Vice-versa shall,
with effect from the 1st January, 2000 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 3.20
2. Australian Dollar 28.20
3. Canadian Dollar 29.80
4. Danish Kroner 5.95
5. Deutsche Mark 22.65
6. Dutch Guilder 20.10
7. EURO 44.30
8. French Francs 6.75
9. Hong Kong Dollar 5.65
10. Norweign Kroner 5.45
11. Pound Sterling 70.70
12. Swedish Kroner 5.20
13. Swiss Franc 27.60
14. Singapore Dollar 26.20
15. U.S.Dollar 43.70
SCHEDULE - II
SI. FOREIGN CURRENCY RATE OF EXCHANGE OF 100 UNITS OF FOREIGN
NO. CURRENCY EQUIVALENT TO INDIAN RUPEES
(1) (2) (3)
1. Belgian France 109.85
2. Italian Lira 2.30
3. Japanese Yen 42.60
Sd/-
(S.K.SINHA)
Director(Customs)
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