Cus Ntf No.37/2000 (NT) Date 26th May, 2000

Customs foreign exchange rate
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 supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.24/2000-NT-Customs, [(S.O.406 (E)] dated the 25th April, 2000 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 conversation of each of the foreign currency specified in the column (2) of Schedule1 I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1st June, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.

					SCHEDULE-I 
	SL. 		Foreign			Rate of exchange of one unit of foreign	No. 		Currency			currency equivalent to Indian rupees
	(1)		(2) 				(3) 
	1.		Austrian Schilling 		2.92 	2. 		Australian Dollar 		25.40 	3. 		Candian Dollar 		29.35 	4. 		Danish Kroner 		 5.40 	5. 		Deutsche Mark 		20.55 	6. 		Dutch Guilder 		18.25 	7. 		EURO 			40.20 	8. 		French Francs 		 6.10 	9. 		Hong Kong Dollar 		 5.70 	10. 		Norwegain Kroner 		 4.85 	11. 		Pound Sterling 		65.45 	12. 		Swedish Kroner 		 4.85 	13. 		Swiss Franc 	 	25.75 	14. 		Singapore Dollar 		25.60 	15. 		U.S. Dollar 		44.35 
				 	SCHEDULE-II 
	SL.		Foreign			Rate of exchange of 100 units of foreign	No.		Currency 		currency equivalent to Indian Rupees
	(1) 		 (2) 			(3) 
	1. 		Belgian Francs 		99.65 	2. 		Italian Lira 		 2.07 	3. 		Japanese Yen 		41.25 

(Rajendra Singh)
Under Secretary to the Government of India

Presented by eximkey.com