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

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

22nd March, 2002

Notification No. 20/2002-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.9/2002-NT-Customs, [S.O.230(E)] dated the 25th February, 2002 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 April, 2002 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.

Australian Dollar

25.95

2.

Canadian Dollar

31.00

3.

Danish Kroner

5.85

4.

EURO

43.35

5.

Hong Kong Dollar

6.30

6.

Norwegian Kroner

5.60

7.

Pound Sterling

69.95

8.

Swedish Kroner

4.80

9.

Swiss Franc

29.60

10.

Singapore Dollar

26.80

11.

US Dollar

48.90

Schedule-II

Sr.No.

Foreign Currency

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

1.

Japanese Yen

37.25

 S.K. Sinha
Director (ICD)

F.No.468/8/2002-Cus.V

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