[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (I)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

25Th April, 2001

 Notification No. 17/2001 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 supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.13/2001-NT-Customs, [S.O.278(E)] dated the 27th March, 2001 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 May, 2001 be the rate mentioned against it in the corresponding entry in column (3) thereof.

SCHEDULE-I

Sr.No.

Foreign Currency

Rate of Exchange of one unit of Foreign Currency equivalent to Indian Rupees

(1)

(2)

(3)

1. Austrian Schilling 3.07
2. Australian Dollar 23.85
3. Canadian Dollar 30.40

4.

Danish Kroner 5.65

5.

Deutsche Mark

21.60

6.

Dutch Guilder

19.20

7.

EURO

42.30

8.

French Francs

6.45

9.

Hong Kong Dollar

6.05

10.

Norwegian Kroner

5.20

11.

Pound Sterling

67.75

12.

Swedish Kroner

4.60

13.

Swiss Franc

27.60

14.

Singapore Dollar

26.00

15.

US Dollar

47.05

  SCHEDULE-II

Sr.No. Foreign Currency

Rate of exchange of 100 units of foreign currency equivalent to Indian rupees

1.

Belgian Francs

104.80

2.

Italian Lira

2.20

3.

Japanese Yen

38.70

(RIMJHIM PRASAD)

UNDER SECRETARY TO THE GOVT. OF INDIA

F.No.468/6/2001-Cus.V

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