Cus Ntf No. 48/1999 (NT) Date 26th August, 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.45/99-N.T.-Customs, [S.0.602(E)] dated the 27th July, 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 far as these relate to imported goods.

that the rate of exchange of conversion of each of the foreign currensy specified in column (2) of Schedule I and Schedule II appended hereto into Indian currency or vice-versa shall, with effect from the 1st September, 1999 be the rate mentioned against it in the corresponding entry in column (3) thereof.

					SCHEDULE - I

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

	(1) 	(2) 					(3)

	1. 	Austrian Schilling 			 	3.35
	2. 	Australian Dollar 	 			27.70
	3. 	Canadian Dollar 	 			29.30
	4. 	Danish Kroner 		 		6.20
	5. 	Deutsche Mark 		 		23.55
	6. 	Dutch Guilder 		 		20.90
	7. 	EURO 			 		46.05
	8. 	French Franc 		 		7.00
	9. 	Hong Kong Dollar 	 		 	5.65
	10. 	Norwegian Kroner 		 		5.60
	11. 	Pound Sterling 		 		69.65
	12. 	Swedish Kroner 		 		5.30
	13. 	Swiss Franc 		 		28.75
	14. 	Singapore Dollar 	 			25.90
	15. 	U.S. Dollar 		 		43.70

					SCHEDULE - II

	Sl. 	FOREIGN CURRENCY	RATE OF EXCHANGE OF 100 UNIT OF FOREIGN
	No.				CURRENCY EQUIVALENT TO INDIAN RUPEES

	(1) 	(2) 					(3)

	1. 	Belgian Francs 		 		114.15
	2. 	Italian Lira 				2.37
	3. 	Japanese Yen 				39.40

Sd/-
(Rimjhim Prasad)
Under Secretary to the Government of India

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