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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:-
  1. prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 1899 (2 of 1899)

  2. 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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