Cus Ntf No. 21/99 (NT) DT. 24TH MARCH, 1999
Foreign exchange rate of currency
S. O. (E)-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 supersession of the notification of the Government
of India in the Ministry of Finance (Department of Revenue)
No. 16/99-NT-Customs, [S.O.126(E)] dated the 23rd February, 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 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 April, 1999 of the corresponding entry in column(3) thereof.
SCHEDULE - I
Sl. No. Foreign currency Rate of exchange of one unit of foreign
Currency equivalent to Indian rupees.
(1) (2) (3)
1. Australian Dollar 3.40
2. Austrian Schilling 27.15
3. Canadian Dollar 28.35
4. Danish Kroner 6.25
5. Deutsche Mark 23.80
6. Dutch Guilder 21.10
7. EURO 46.55
8. French Francs 7.10
9. Hong Kong Dollar 5.50
10. Norwegian Kroner 5.50
11. Pound Sterling 69.40
12. Swedish 5.20
13. Swiss Franc 29.10
14. Singapore Dollar 24.60
15. U. S. Dollar 42.60
SHEDULE II
Sl.No. Foreign currency Rate of exchange or 100 units of foreign
currency equivalent to Indian rupees
1. Belgian Frances 115.40
2. Italian Lira 2.40
3. Japanese Yen 35.95
(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA.
F.NO.468/4/99-Cus.V
TO
The Manager,
Government of India Press,
Maya Puri, Ring Road,
New Delhi.
Copy to Dte. of Publicity & Public Relations, Customs and Central Excise, New Delhi.
(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA.
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