Exchange Rates for import of goods for December, 2000

Notification No.  70/2000 -Customs (N.T.) 

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.65/2000-NT-Customs, [S.O.956(E)] dated the 25th October,  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 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 December, 2000 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 2.87
2. Australian Dollar 24.60
3. Canadian Dollar 30.40
4. Danish Kroner 5.30
5. Deutsche Mark 20.20
6. Dutch Guilder 17.95
7. EURO 39.50
8. French Francs 6.00
9. Hong Kong Dollar 6.05
10. Norwegian Kroner 4.95
11. Pound Sterling 65.90
12. Swedish Kroner 4.55
13. Swiss Franc 25.95
14. Singapore Dollar 26.80
15. US Dollar 47.05

Schedule – II

S.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
1. Belgian Francs 97.95
2. Italian Lira 2.05
3. Japanese Yen 42.55

(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVT. OF INDIA

F.No.468/16/2000-Cus.V

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