Notification No.38/2001- Cus(N.T.) dated 28/08/2001
Customs Exchange rates for Imported Goods with effect from the 1st September, 2001
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 Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue)
No.34/2001-NT-Customs, [S.O.709(E)] dated the 26th July, 2001 the Central Government hereby:-
- prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 1899 (2 of 1899)
- 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 vice-versa shall, with effect from the 1st September, 2001 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. | Austrian Schilling | 3.15 |
| 2. | Australian Dollar | 23.55 |
| (Exchange rate for Australian Dollar has been changed vide Cus Ntf.No.49/2001 date 28/09/2001 This will be effective from 28th September,2001) |
| OLD2. | Australian Dollar | 25.20 |
| 3. | Canadian Dollar | 30.75 |
| 4. | Danish Kroner | 5.80 |
| 5. | Deutsche Mark | 22.10 |
| 6. | Dutch Guilder | 19.60 |
| 7. | EURO | 43.20 |
| 8. | French Francs | 6.60 |
| 9. | Hong Kong Dollar | 6.05 |
| 10. | Norwegian Kroner | 5.35 |
| 11. | Pound Sterling | 68.25 |
| 12. | Swedish Kroner | 4.60 |
| 13. | Swiss Franc | 30.35 |
| (Exchange rate for Swiss Franc has been changed vide Cus Ntf.No.47/2001 date 27/09/2001 This will be effective from 27th September,2001) |
| OLD13. | Swiss Franc | 28.40 |
| 14. | Singapore Dollar | 27.10 |
| 15. | U.S. Dollar | 47.35 |
SCHEDULE - II
| S. NO. | FOREIGN CURRENCY | RATE OF EXCHANGE OF 100 UNITS OF FOREIGN CURRENCY EQUIVALENT TO INDIAN RUPEES |
| (1) | (2) | (3) |
| 1. | Belgian Francs | 107.10 |
| 2. | Italian Lira | 2.25 |
| 3. | Japanese Yen | 39.40 |
Rajendra Singh
Under Secretary to the Govt. of India
F.No.468/11/2001-Cus.V
(Last amended vide Cus Ntf. No.44/2001(NT) dt.25/09/2001)
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